Transtura, a Nigerian ride-hailing startup, has acquired WazoMoney, a fintech startup that provides simplified payment solutions.
The acquisition will enable Transtura to launch its payment and marketplace solutions for the mobility sector.
Launched in October 2021 by Vincent Adeoba, Olajide Philips and Vincent Adeyemo, Transtura is a public transportation management company that provides comfortable, convenient, reliable, safe, and affordable on demand bus ride sharing service. Its ride hailing service enables people to commute within their cities at the cheapest price using its tech-driven solutions. Using its ride app, riders can hail one of the company’s smart buses directly from their smartphone or using USSD code.
The startup is now expanding services across its platforms to include payments and a marketplace solution which is a one-stop shop for vehicles and mobility needs.
According to Vincent Adeoba, Transtura CEO, “our vision as a customer-centric company is to become Africa’s everyday mobility super app by providing shared mobility, payment service, and marketplace solutions for the over 1 billion people on the continent. We are on a mission to improve the way people commute and travel around the continent and how payments are made in the transportation value chain.
“We are leveraging on technology and automation to facilitate and improve the way people ride, travel and pay for service while also supporting companies in the mobility sector with spend management solutions.”
