FlexClub launches service allowing fractional investment in ride-hailing fleets

SOUTH AFRICA – FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, has partnered with Sunstone Capital and Easy Equities to make it possible for anyone to invest in a share of ride-hailing fleets for as little as ZAR100 (US$7). EasyEquities and Sunstone Capital, prospective South African investors can purchase shares in ride-hailing fleets, effectively pooling their capital to purchase rental-earning fleets. Applying for shares on EasyEquities entitles investors to receive annual dividends from fleet rental income and offers them the ability to claim…

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