By: Logistics update Africa

African fintech platform Gigmile has secured a strategic investment from Yango Group (via Yango Ventures), marking Yango's first foray into Nigeria. The investment aims to strengthen digital and delivery infrastructure in high-growth markets and will support Gigmile's product development and regional expansion to meet rising demand for last-mile delivery services.

Gigmile, founded by former Jumia executives, tackles a key bottleneck in African logistics: the lack of vehicle financing for informal and gig workers. Its flagship platform, Gamma Mobility, offers a lease-to-own model for motorcycles, tricycles, and cars. It uses an alternative underwriting framework that analyzes behavioral patterns for repayment, tied directly to income from vehicle use. This approach has reportedly achieved high repayment (94%) and vehicle utilization (95%) rates.

The company has expanded rapidly, deploying over 10,000 vehicles across 13 cities in Nigeria and Ghana, empowering thousands of gig workers and generating millions in monthly earnings. Gigmile has raised approximately $21 million in combined debt and equity to date, with its latest Seed round led by ENZA Capital. It also maintains key partnerships with global vehicle manufacturers like Yamaha and Bajaj for fleet reliability and is piloting electric motorcycles in Lagos and Accra in partnership with Siemens Stiftung.