Heetch, a French ride-hailing company with operations in Morocco, Algeria, and Cameroon has raised $4 million funds from Tunisia-based AfricInvest. The fund joins its previous $38 million Series B round and will be used to expand its ride-hailing service in Africa and other countries.
Heetch launched into the French-speaking Africa market to compete with the likes of Uber last year. As of March, the company had raised a Series B round and recorded acceptance in the Francophone market.
See Also: UBA, Ovamba Solutions Inc. to Provide Trade Tech for SMEs in Cameroon
In Africa, Heetch operates its ride-hailing services by partnering major Taxi unions. It permits commuters to use its app to order for rides as well as share rides.
The company also provides a Moto Taxi Service in Cameroon through which it offers exceptional training to drivers and seamlessly commutes Cameroonians. It will utilize the fund to expand to Tunisia, Senegal, and six additional countries.
More on TechGist Africa
- Morocco Initiates Plans to Automate Traffic System
- Winterlight Labs gets $4.23Mn Investment to Scale Healthtech Services in Morocco & Europe
- Orange Launches Second Digital Centre in Senegal
- MTN South Africa Signs New Roaming Agreement with Cell C
- Ethiopia Partners USAID to Launch $63mn Digital Health Project