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Fleeti: logistics solutions for companies in Africa
Project
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Signature date
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Location
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Senegal
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Financing tool
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Financing amount (Euro)
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350000
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Financing details
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EUR 350,000 loan
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Customer
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Fleeti Holding
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Type of customer
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Company
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Country of headquarters
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France
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Project number
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PSN1093
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Environmental and social ranking
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B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is supporting Fleeti under the Bridge Fund by Digital Africa and is thereby contributing to developing and modernizing logistics solutions in Africa.
Client presentation
Founded in 2020, Fleeti has developed an innovative technology allowing companies operating in Africa to reduce their operating costs. Fleeti collects and analyzes data from vehicle transport fleets which are used to optimize their management. The Fleeti technology brings value on three levels: reduction of costs, improved safety and reduction of the environmental impact.
Fleeti has subsidiaries in Senegal, Mauritius and Côte d'Ivoire and has developed a partnership in Ghana to distribute its products.
Project description
Fleeti has been granted a EUR 350,000 loan from Proparco under the Bridge Fund by Digital Africa. This financing will allow Fleeti to market all its products in its countries of operation and expand its activity in Africa over the next 24 months.
The Bridge Fund by Digital Africa allocates bridging loans over a maximum period of 24 months to African companies that have lost their financing due to the Covid-19 pandemic.