Moja Ride startup partners O-CITY for digital innovation and future expansion

COTE D’IVOIRE – Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion. Through its open loop platform, O-CITY will enable public transport drivers to accept different payment methods from passengers, including QR code, NFC, and prepaid cards such as the ‘Moja Carte’ which can be topped up to pay for public transport. The recharge is done either through mobile money or a network of agents. Transport operators, owners…

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Transportation startup Moja Ride secures funding from Toyota Tsusho Corporation

CÔTE D’IVOIRE – Moja Ride, an Abidjan-based digital transportation startup, has secured an undisclosed amount of funding from Toyota Tsusho Corporation and its group company CFAO SAS (CFAO). The investment which came from Toyota Tsusho’s newly launched US$45 million Mobility 54 Investment SAS (Mobility54) fund– a corporate venture capital subsidiary of Toyota Tsusho group, was made through the underwriting of convertible notes. Under convertible notes investment, bonds can be converted into shares of the issuing company under certain conditions. This was the style of investment recently used by the VC…

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