In a bid to insure the lives of motorists, Asimwe Benson Mugisha came up with the RideSafe idea in 2017. Having worked in a clinic, Asimwe developed empathy for motorists who couldn’t foot their hospital bills after surviving terrible accidents. He thought up a tech solution that would help drivers put money aside for medical treatment in case of accidents and health challenges. In 2018, Asimwe, together with Jassy Elina founded Rideshare— a platform that enables riders save up money for health emergencies.
RideSafe is an emergency tech-driven solution built on blockchain technology that provides quick and affordable medical treatment. The rider saves $0.38 per week which is converted to bitcoin and stored for insurance. They conduct training for motorcycle riders on how to prevent injuries at an accident scene and how to save lives in case of emergencies. In return, RideSafe gets transactional charge on every transaction.
RideSafe took part in the Bulgaria Starfleet Incubator for Blockchain tech startups and was one of the selected 10 that pitched at the Africa Startup Summit in Rwanda. It raised $100000 fund from Aeternity Ventures.
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Asimwe mentioned that currently in the Beta stage, they already have over 600 riders on the USSD platform. He added that they will launch a mobile app that will allow riders signup and acquire token access to all services in the mid of the year. They also hope to register 200000 riders and by the end of Q3, 2020.
RideSafe Mobile Application will be launching soon!😀, Our developers are working around the clock so that we can deliver the promise of a decentralised first responce Application by first quarter 2019. We all are exited here and cant wait. (Launch date coming soon stay tuned) pic.twitter.com/7nlepMBTyw
— RideSafe (@africa_ride) February 21, 2019
RideSafe is currently operational in Nairobi but plans to branch out to other major cities by the end of the year, east African countries in mid-2020 and in the long run, the rest of Africa.
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