BuuPass, a Kenya based B2B2C full-stack marketplace company looking to promote order in the highly-fragmented sector by helping operators to digitize their operations has raised $1.3 million in pre-seed funding from the Founders Factory Africa, FrontEnd Ventures, Adaverse, Gullit, Five35, Renew Capital, Changecom, XA Network, Ajim Capital, Artha Ventures, Daba Finance, Google Black Founders Fund, and several angel investors.
“The funding will enable us to invest in growth activities, increasing our market share in East Africa, with a focus on Kenya and Uganda. We will hire a team especially on the growth side, and technology experts so that we can build systems for scale because our plan is to become a pan-African infrastructure for long distance transportation,” BuuPass co-CEO, Sonia Kabra, who co-founded BuuPass with Wycliffe Omondi said, according to TechCrunch.
BuuPass was boosted back in 2017 via a partnership with Safaricom, which is the parent company of mobile money service M-Pesa, which landed a contract that facilitated train bookings starting that year.
“Partnering with Safaricom enabled us to land the Kenya Railways (operators of the national train grid) deal and validated our solution and capacity to build solutions for high value transactions. It also enabled us to build trust in the market, and helped us think about scale such that we have developed solutions capable of handling millions of transactions and providing a seamless experience for the end user. It’s been a great validation for us to prove our credibility in the market,” Kabra said.
BuuPass says that their platform processes about 12,000 transactions per day across its booking channels, recording over 9 million ticket sales to date.