Gigmile

Mobility Financinggigmile.com

Gigmile is a Lagos-based mobility financing platform that provides lease-to-own vehicle access, insurance, telematics, and microcredit to gig workers in Nigeria and Ghana, partnering with major ride-hailing and delivery platforms like Bolt, Uber, Yango, Glovo, and Jumia.

Company typePrivate
Founded2022
HeadquartersLagos, Nigeria
Headcount51–100
GTM typeB2B and B2C
OfferingServices

What Gigmile does

Gigmile Technologies Limited is a mobility financing platform founded in 2022 and headquartered in Lagos, Nigeria, that provides gig workers in Africa with access to vehicles and related financial services. The company operates through its flagship product, Gamma Mobility, a mobile-first full-stack platform that bundles lease-to-own financing for productive assets (motorcycles, tricycles, cars, smartphones) with insurance, telematics-based asset tracking, microcredit, and health insurance. Vehicles are offered with down payments as low as 20% and structured daily or weekly repayments, targeting an underserved borrower segment that traditional financial institutions classify as high-risk. The company also operates Mechpad, a wholly-owned aftersales and maintenance sub-brand that supports the vehicle fleet through its lifecycle.

Gigmile serves three customer segments: individual gig workers (riders, drivers, and delivery couriers), fleet operators managing delivery or ride-hailing operations, and digital platforms (Bolt, Uber, Yango, Glovo, Jumia, Chowdeck, Gokada, Mano) that require an equipped workforce for last-mile logistics. The B2B channel-partner model is central to Gigmile's go-to-market: digital platforms refer workers to the platform, Gigmile finances and equips them, and the workers deploy on partner platforms, creating a continuous demand funnel.

The business model generates revenue from three streams: vehicle financing margins (interest/financing charges on the lease-to-own structure), recurring insurance and aftersales service revenue (maintenance, telematics, protection), and managed-services revenue from B2B fleet supply. To date, Gigmile has deployed over 10,000 vehicles, supported 15,000+ gig workers, and reports a 94% repayment rate. The company raised a $21 million seed round in Q3 2025 led by ENZA Capital with participation from Seedstars International Ventures and Norrsken Africa Fund, followed by a strategic investment from Yango Ventures (Yango Group's corporate venture arm) in December 2025. Current operations span Nigeria and Ghana, with stated plans to expand to 15+ African cities and reach $100 million in financed assets by 2027.

Gigmile firmographics

Firmographics

Name: Gigmile
Legal name: Gigmile Technologies Limited
Website: https://gigmile.com
Company type: Private
Founded year: 2022
Operating status: Operating
Headcount range: 51–100 employees
Short description: Gigmile is a Lagos-based mobility financing platform that provides lease-to-own vehicle access, insurance, telematics, and microcredit to gig workers in Nigeria and Ghana, partnering with major ride-hailing and delivery platforms like Bolt, Uber, Yango, Glovo, and Jumia.
Ownership category
akta.pro rank

Gigmile industry classification

Industry

Product category: Mobility Financing
NAICS: Automotive Equipment Rental and Leasing (5321)
SIC: Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172)
akta.pro primary industry: Courier/Delivery Driver Vehicle Rental Programs (Gig/Owner-Operator) (TLABAGAI)
akta.pro secondary industries: Gig / On-Demand Generalist Staffing Platforms (BPACACAK), Gig Worker & Freelancer Neobanks (FSABAFAC)

Keywords

Mobility financing platform
Vehicle lease-to-own
Gig worker lending
Embedded financial services
Fleet management services

Where Gigmile is headquartered

Location

Headquarters

HQ city: Lagos
HQ country: Nigeria
HQ region: Africa

Offices3 records

Markets served

Gigmile business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

Vehicle Financing: Lease-to-own financing of motorcycles and tricycles with structured daily and weekly repayments. Revenue generated through interest/financing charges on the vehicle cost, with down payments starting at 20%.
Insurance & Aftersales Services: Maintenance, telematics, and protection services provided to vehicle owners, generating recurring service revenue
Fleet Management Services: B2B services supplying and managing gig workers for digital platforms and logistics companies

Pricing tiers

Model	Billing	Price
Unit Pricing	Pay-as-you-go	Individual Gig Worker Financing

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Gigmile product offering

Product offering

Core offering

Gigmile operates a mobility financing platform that provides lease-to-own vehicle financing (motorcycles, tricycles, cars, and smartphones) to gig workers in Nigeria and Ghana, with down payments as low as 20% and structured daily/weekly repayments. Its flagship product, Gamma Mobility, bundles vehicle financing with embedded insurance, telematics, microcredit, and maintenance support delivered through a mobile app. The company also offers B2B fleet management services to ride-hailing, e-grocery, and e-commerce platforms, supplying equipped and managed gig workers for last-mile delivery operations.

Product overview

Gigmile is a mobility financing platform for gig workers in Africa, combining vehicle subscriptions (lease-to-own), embedded financial services, and aftersales support into a unified offering. Its flagship product is Gamma Mobility — a fullstack platform that bundles vehicle financing, the Gamma Mobility mobile app, insurance, telematics, and microcredit access. Supporting products include Insurance & Aftersales Services and Embedded Financial Services. Gigmile also operates the sub-brand Mechpad alongside Gamma Mobility, serving both individual gig workers and business/fleet operators.

Differentiator

Problem solved

Functional benefit

Brands

Gamma Mobility: Full-stack platform for mobility entrepreneurs offering vehicle financing, insurance, microcredit, health insurance, and vehicle maintenance to gig workers. Available via the Gamma Mobility App for iOS and Android.
Mechpad

Products and services

Gamma Mobility Fullstack mobility-as-a-service platform enabling gig workers to access lease-to-own vehicle financing (motorcycles, tricycles, cars, smartphones) bundled with embedded insurance, microcredit, health insurance, telematics-based vehicle tracking, and maintenance support, delivered through the Gamma Mobility mobile app with structured daily/weekly repayments and a path to ownership.
Mechpad Maintenance and aftersales services platform operating under the Gigmile umbrella, providing servicing and support for vehicles financed through Gigmile.

Companies that use Gigmile

Customer profile

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Gigmile technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Gigmile partnerships and signals

Strategic signal

Partnerships

Nine partnerships are on record, tiered core and supporting.

BoltcoreChannel Partner/ Reseller/ DistributorDigital platform partner receiving gig workers from Gigmile for ride-hailing and delivery operations
YangocoreChannel Partner/ Reseller/ DistributorDigital platform partner receiving gig workers from Gigmile for delivery operations
UbercoreChannel Partner/ Reseller/ DistributorDigital platform partner receiving gig workers from Gigmile for ride-hailing and delivery
GlovocoreChannel Partner/ Reseller/ DistributorDigital platform partner receiving gig workers from Gigmile for delivery operations
JumiacoreChannel Partner/ Reseller/ DistributorE-commerce platform partner receiving gig workers from Gigmile for last-mile delivery
GokadasupportingChannel Partner/ Reseller/ DistributorLocal delivery platform partner receiving gig workers from Gigmile
ChowdecksupportingChannel Partner/ Reseller/ DistributorDelivery platform partner receiving gig workers from Gigmile
MechpadsupportingTechnology or IntegrationRelated service brand under Gigmile ecosystem providing additional mobility services
Gamma MobilitycoreTechnology or IntegrationPrimary product platform under Gigmile offering vehicle subscriptions and financial services to gig workers

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Gigmile competitors and assessment

Company assessment

Others

Bolt: Bolt is one of Gigmile's largest channel partners and a major ride-hailing and delivery platform in Africa. Although not a financing peer, Bolt is a key customer and ecosystem participant that defines the demand side for Gigmile's financed drivers.
Sun King (Greenlight Planet): Sun King provides pay-as-you-go solar energy financing to off-grid households in Africa and Asia. While in energy rather than mobility, its underlying lease-to-own, mobile-first, paygo model with embedded finance mirrors Gigmile's approach to serving underserved customers.

Direct peers

M-KOPA: M-KOPA is a pay-as-you-go financing platform for productive assets (primarily solar home systems, smartphones, and motorcycles) serving low-income customers in Africa. It is highly comparable to Gigmile's lease-to-own asset financing model with embedded financial services.
MAX (Metro Africa Xpress): MAX operates motorcycle-enabled delivery and transit services across Nigeria and other African markets. It is comparable to Gigmile because it sits at the intersection of motorcycle-based mobility and platform-driven logistics for African gig workers.
Watu Africa: Watu Africa offers asset financing for motorcycles, tuk-tuks, and three-wheelers to gig workers across multiple African countries. Its product set and customer profile are directly comparable to Gigmile's lease-to-own mobility platform.
Tugende: Tugende provides asset financing (primarily motorcycles) to informal sector entrepreneurs and gig workers in East Africa. Its lease-to-own financing model for income-generating assets closely mirrors Gigmile's offering.
FlexClub: FlexClub offers vehicle subscription and financing services for ride-hailing drivers in South Africa and other African markets. Its focus on subscription-based vehicle access for gig drivers makes it a direct functional peer to Gigmile.
Moove: Moove provides revenue-based vehicle financing for ride-hailing and delivery gig drivers in Africa and other emerging markets. It is the most direct competitor to Gigmile's lease-to-own mobility financing model and serves a similar platform-driven customer base.

Broad incumbents

Lori Systems: Lori Systems is a logistics technology platform connecting shippers to truck drivers across Africa. While focused on freight rather than two-wheelers, it addresses the same broader African mobility and gig-worker enablement opportunity as Gigmile.

Emerging players

Kobobogo (KoboGo): KoboGo provides motorcycle and tricycle financing to delivery and ride-hailing gig workers in Africa, with a similar lease-to-own structure to Gigmile but smaller geographic footprint and asset base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Gigmile financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gigmile leadership team

Management profile

Number of profiles

Profiles2 records

Gigmile subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Gigmile funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gigmile M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gigmile

What does Gigmile do?

Is Gigmile a public or private company?

Gigmile is a private company. It is classified as venture growth investor backed and is currently operating.

When was Gigmile founded?

Gigmile was founded in 2022. It employs 51 to 100 people.

Where is Gigmile based?

Gigmile is headquartered in Lagos, Nigeria, in the Africa region.

How does Gigmile make money?

Three revenue lines are on record. Vehicle Financing is the primary driver. The others are insurance & Aftersales Services and fleet Management Services.

Who are Gigmile's main competitors?

Others on record are Bolt and Sun King (Greenlight Planet). Direct peers are M-KOPA, MAX (Metro Africa Xpress), Watu Africa, Tugende, FlexClub and Moove. Lori Systems is listed as a broad incumbent. Kobobogo (KoboGo) is listed as an emerging player.

Does Gigmile have an API?

No public API is recorded for Gigmile.

What industry is Gigmile in?

Gigmile's product category is Mobility Financing. Its primary akta.pro industry code is TLABAGAI, Courier/Delivery Driver Vehicle Rental Programs (Gig/Owner-Operator), with a secondary code of BPACACAK, Gig / On-Demand Generalist Staffing Platforms. Its NAICS code is 5321 and its SIC code is 7510.