Gigmile

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Gigmile - overview

Established

2022

Location

Lagos, -, Nigeria

Primary Industry

Financial Services

About

Gigmile Technologies Limited is a Nigerian mobility platform focusing on vehicle subscriptions and financial services to empower gig workers across Africa, enhancing their access to essential transportation resources. Founded in 2022 and headquartered in Lagos, Nigeria, Gigmile Technologies Limited operates as a mobility platform that provides vehicle subscriptions and financial services targeted at gig workers. The company's innovative approach addresses the barriers faced by gig workers in accessing traditional financial services. In December 2025, Gigmile raised venture funding from Yango Group.


Gigmile is a mobility platform that offers vehicle subscriptions and financial services specifically designed for gig workers in Africa. The main offerings include rental and lease-to-own vehicle subscriptions, enabling immediate access to vehicles while allowing future ownership options. Gigmile addresses the challenges faced by gig workers who often lack access to conventional financial services, providing vital income-generating assets such as motorcycles, tricycles, and cars. It supports digital platforms across various sectors, including ride-hailing, e-grocery, and e-commerce, aiming to improve the financial well-being of individual gig workers and logistics firms through accessible mobility solutions.


Gigmile generates revenue through subscription-based vehicle services and partnerships with digital platforms. Clients, including logistics and delivery firms, can engage a pool of equipped independent gig workers without the need to invest in vehicles or manage maintenance, facilitating streamlined operations. Revenue is derived from direct-to-consumer subscriptions, where gig workers can initiate vehicle usage with a minimum down payment, promoting affordable mobility access. This model enables Gigmile to benefit from recurring revenue through ongoing subscriptions while building partnerships that enhance operational capabilities for its clients.


Specific pricing details are integral to service offerings but are not publicly disclosed. Gigmile plans to roll out new subscription products and enhance its vehicle offerings to better serve gig workers throughout Africa. The company is strategically targeting expansion into additional markets within Africa, aiming to establish a more significant presence by the end of 2024. The company will use the 2025 funding to strengthen last‑mile delivery infrastructure across Africa by expanding gig‑worker financing, boosting operational efficiency, and accelerating regional logistics innovation.


Current Investors

Seedstars, Enza Capital Management, Norrsken22

Primary Industry

Financial Services

Sub Industries

Consumer Finance, e-Financial

Website

www.gigmile.com

Verticals

E-commerce, Electric & Hybrid Vehicles, FinTech, FinTech, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.