Growth FinTech Mixed (Equity + Debt)

$15M

Tugende

Uganda June 2022 East Africa

About this Deal

Tugende raised $15M for motorcycle asset financing.

Investors

Lead: Toyota Tsusho

Toyota Tsusho Yamaha Blue Haven

Other Rounds by Tugende

Debt Facility $10M Jan 2022

Deal Details

Amount$15M

TypeGrowth

InstrumentMixed (Equity + Debt)

SectorFinTech

FounderMale-led

StatusClosed

Company

Tugende
Startup · Kampala

Other Companies in this Market

See all

Nile River Explorers White-water rafting pioneers

Madhvani Group East Africa's oldest family empire

Kampala International University Ruparelia's university

Centenary Bank Uganda's largest indigenous bank

Uganda Coffee Development Authority Africa's #2 coffee producer

MTN Uganda Uganda's largest telco

People in this Space

See all

Ricky Thomson Founder @ SafeBoda

Emmanuel Katongole Founder @ Quality Chemical Industries

Simpson Birungi Founder @ Movit Products

Andrew Rugasira Founder @ Good African Coffee

Sudhir Ruparelia Founder @ Ruparelia Group

Sikander Lalani Founder @ Roofings Group

Related News

See all

The eNaira Was Never Going to Work, and Ghana Should Not Repeat Its Mistakes Less than 0.5 percent of Nigerians had used the eNaira by late 2023. By 2025, approximately 13 milli...

Stop Calling Them Neobanks: The Pan-African Retail Bank Has Arrived Kuda is now a nationally licensed Nigerian bank. FairMoney is a licensed microfinance bank with curr...

Why Nigeria's Open Banking Framework Will Underperform Its Promise Nigeria became the first African country to go live with formal open banking on 1 August 2025. The C...

Clean Cooking in Africa 2026: The 900 Million Access Gap and the Slow Transition From Wood to Clean Fuels Approximately 900 million Africans lack access to clean cooking fuels, relying on wood, charcoal, ke...