Nigerian mobility-financing startup Gigmile has closed its seed funding round, securing fresh capital to accelerate the growth of its technology-enabled lease-to-own vehicle financing model for gig economy workers across Africa, according to company announcements and sector reporting.
The seed round, completed in the third quarter of 2025, was led by a follow-on investment from ENZA Capital and included participation from Seedstars International Ventures and the Norrsken Africa Fund, multiple sources said.
Founded in 2022 by former Jumia executives Kayode Adeyinka and Samuel Esiri, Gigmile operates a mobility financing platform under its Gamma Mobility brand that provides motorcycles, tricycles, cars and other income-generating vehicles to gig workers such as delivery riders and ride-hailing drivers through an affordable lease-to-own structure.
Gigmile’s model addresses barriers to traditional credit, which often exclude informal-sector workers due to lack of formal documentation, collateral or credit history. Under the platform, daily repayments are capped at a fraction of expected earnings, with leases bundled to include insurance, maintenance and regulatory compliance services.
The startup reported deployment of more than 10,000 vehicles across 13 cities in Nigeria and Ghana, with 8,500 vehicles active and 1,500 riders achieving outright ownership through the platform, data published in its 2025 Impact Report show.
Total capital raised by Gigmile, including debt and equity, now stands at approximately US $21 million, the firm said. The seed financing is expected to deepen its credit analytics, expand its operational footprint and accelerate planned entry into more than 15 additional cities in the coming year.
In statements accompanying the funding news, the company said it also plans future product diversification, including personal mobility leasing for salaried professionals, embedded finance services such as bill payments and savings, and support for electric and alternative-fuel vehicles as part of a broader clean mobility strategy.
Industry analysts view Gigmile’s seed round as a sign of growing investor interest in fintech-plus-asset financing models that combine financial inclusion with tangible economic impact for underserved workers across African markets.
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