Twende to Pivot a New model Based on User Feedback

We are excited to announce that one of our portfolio companies, Twende is in the process of pivoting a new model.

Twende‘s latest pivot towards electric mobility assets-backed finance is an innovative model that aims to revolutionize the informal mobility sector by fostering financial inclusion and promoting environmental sustainability.

Key Features and Benefits:

  • Financial Inclusion: Twende’s model provides financing to informal mobility players, empowering them to access electric mobility assets they may not have been able to afford otherwise. This promotes economic empowerment and inclusion within the sector.
  • Environmental Impact: By transitioning towards electric mobility, Twende is contributing to a greener and more sustainable future. The model aligns with our commitment to environmental stewardship and reducing carbon emissions.
  • Alternative Credit Scoring: Twende is pioneering alternative credit scoring methods tailored to informal mobility players. By closely working with drivers, Twende is defining a new approach to assess creditworthiness, enabling access to financing for those without traditional credit histories.
  • User Experience Insights: Twende’s model prioritizes user experience, recognizing that many beneficiaries may lack initial skills in asset management. To address this, Twende provides comprehensive training to informal mobility players, empowering them with the knowledge and skills needed to effectively manage their investments. This ensures a seamless transition to electric mobility assets and maximizes the benefits for all stakeholders involved.

Twende‘s pivot towards electric mobility assets-backed finance marks an exciting milestone in our mission to drive positive change and empower communities across Africa. We look forward to the continued success and impact of this innovative model. Keep it here for emerging details on this new development.