Invested through |
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Asset Classes | Private debt |
Impact strategy | Financial Inclusion |
Aligned with SDGs |
Bridge Taxi Finance in South Africa provides affordable credit facilities to entrepreneurs in the minibus taxi industry. The minibus taxi financing landscape is a niche market with very few financial players opting to enter due to the perceived risk of its client base. As a result, entrepreneurs – many of whom are first-time taxi owners – have been historically excluded from accessing finance to start their taxi operating business. Also, there are roughly 200,000 minibus taxis on the road, the majority of which are old, unsafe and legislation requires them to be replaced.
Bridge Taxi Finance fulfils this financing gap by providing a full suite of services that includes vehicle finance, day-to-day tracking, advice and management, and vehicle repairs and services.