Monday, January 17, 2022

MARAMOJA opens up API to Fintechs and Insurtechs in Kenya

MARAMOJA transport, a ride-hailing platform available in Kenya, has today announced it has entered into a patnership with Switchlink Africa. The partnership will provide access of its API to enable service providers connect with MARAMOJA’s drivers and customers.

The company says that Fintechs and Insurtechs now have an opportunity to connect to MARAMOJA’s ecosystem via a single API and Third-Party Service Providers (such as Petrol Stations, Garages, Service Centers, Car Wash, Car Spares, Car Tracking, etc.) will be able to connect directly with MARAMOJA’s drivers’ partners in the platform.

The company also explains that customers who will not have money to pay for their rides will have an opportunity to take rides on credit as well as purchase additional insurance covers and other products through the API.

Comments from MARAMOJA and Switchlink:

“Switchlink Africa team is looking forward to working with MARAMOJA. The MARAMOJA platform will potentially connect millions of users in the continent providing exciting opportunities for the ecosystem. Our team eagerly awaits what’s to come with this partnership,” says David Waruinge, General Manager, Switchlink Africa.

On the other hand, Ronald Mahondo, CEO of MARAMOJA Transport Limited, says the new partnership with Switchlink Africa to make MARAMOJA’s API’s open is a new strategy to unlock value in the ecosystem, with the potential of growing the customer base, increasing their lifetime value as well as enabling them to access more services on the go:

“We’re super excited to partner with Switchlink Africa to take advantage of the speed and flexibility of their solutions. We can’t wait to launch the Open API that will make it easy for anyone to connect with our ecosystem and to further the shared mission of unlocking value (by increasing access to financial, insurance, and other products in our ecosystem) in the process of solving the challenges facing Africa’s (and Emerging Markets) transport and logistics industry.”

Mr. Mahondo notes that making the API open will enable clients/ riders to get rides on credit while drivers will be able to get cash advances and access credit facilities based on their activity in the app:

“This API will enable MARAMOJA drivers to access their funds much faster, get affordable credit facilities and discounted products and services. Allowing funds to move quickly in respect to time-sensitive needs for working capital, emergencies, and similar expenses and may potentially improve the quality of service in the platform. MARAMOJA’s retail clients will also get rides on credit and have the opportunity to access other financial and insurance products even when they don’t have cash”.

6,091FansLike
2,878FollowersFollow
16,100SubscribersSubscribe

Leave a Reply

Dickson Otienohttps://tech-ish.com
I love reading emails when bored. I am joking. But do send them to editor@tech-ish.com.

More to read:

Netflix increases prices in US & Canada

Netflix has announced increased subscription fees in the United States and Canada in what appears to now be annual expected change.

Fuel prices remain unchanged between January & February 2022

EPRA has announced that fuel prices in Kenya will remain unchanged between January and 14th February 2022.

Bolt now valued at €7.4 billion after €628 million investment round

Bolt says % it will use the funds to accelerate the expansion of their mobility and delivery products across Eastern African markets.

Afrikrea rebrands to ANKA after successful $6.2 million Pre-Series A Round

The e-commerce platform Afrikrea is now rebranding to “ANKA”, its all-in-one solution for selling anywhere and hipping globally

Moove Mobility Fintech Expands to Kenya; Partners with Uber, Lori & Sendy

Moove provides asset-backed vehicle financing by embedding its alternative credit-scoring technology onto ride-hailing and e-logistics platforms.

CinetPay inks $2.4 million Seed from Flutterwave

CinetPay has announced a $2.4 million seed funding raised from 4DX Ventures and Flutterwave.