Founders Factory Africa, Africa’s most hands-on early-stage tech investor, has seen one of its portfolio companies, BuuPass, finalise its acquisition of Quickbus, a significant player in the bus ticketing service sector in Nigeria and South Africa.
BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book their tickets through the BuuPass, the Buupass app (available on Apple and Android) and a USSD system that can be used on any mobile phone. Founded in 2016, BuuPass has sold over 6 million travel tickets and generated over $100 million in total value of goods sold. Its current platform has already served over 16 million passengers
Commenting on the acquisition, Eunice Wambui, Investment Principal at Founders Factory Africa, said, “As an early investor and backer, Founders Factory Africa is proud to see BuuPass expand to Nigeria and South Africa. BuuPass is already changing the daily lives of its customers as it moves closer to fulfilling its vision of being a pan-African travel booking platform.”
BuuPass’s strategic expansion into South Africa and Nigeria is set to add over 5,000 new routes to the BuuPass’s platform, significantly enriching the network and service offerings for African consumers. BuuPass will also onboard over 100 bus operators and several high-profile online distribution partnerships, including FNB, Vodacom, and MTN.
BuuPass Co-Founder Sonia Kabra added,, “We are excited to expand our footprint in Africa as we actively look for more opportunities to bring our platform to new African markets. BuuPass aims to create a comprehensive, continent-wide network of interconnected transport options for seamless global and continental travel, and this acquisition is a significant milestone toward that goal.”
Founders Factory Africa remains committed to supporting BuuPass in achieving future milestones through the hands-on support it offers to founders and businesses in its portfolio.
“BuuPass’s continued growth is further validation of the outstanding work done by its team. This acquisition also highlights how our bespoke and in-market support to founders can help the continent’s leading innovators to attain their vision at scale,” Eunice Wambui concludes.
