Raising €1M pre-seed.
Deck, data room and full terms available on request. Active conversations across Europe and Africa.
Why now
Nigeria's ride-hailing market is valued at about USD 1.5 billion and growing. The incumbent model is visibly under strain—driver dissatisfaction, service quality gaps and passenger frustration have created an opening for a structurally fairer alternative. FlexxyDrive is entering this window with the right model, regulatory positioning and team.
The structural moat
Zero commission cannot be matched by incumbent platforms without disrupting their investor expectations and earnings profile. Our structural advantage is reinforced by their own incentives. German incorporation supports European capital access that locally-only competitors cannot easily replicate, and strong local licensing positions us as a compliant operator as enforcement tightens.
Use of funds
- 35% — Product and technology scaling
- 30% — Lagos and Abuja market activation
- 15% — Team — Head of Growth and Lagos City Manager
- 10% — Legal, regulatory and compliance
- 10% — Working capital and runway
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