Gigmile, a company building Africa’s fastest-growing mobility financing platform for gig workers, announced the release of its 2025 Impact Report, a comprehensive look at the company’s economic, social, and sustainability achievements across Nigeria and Ghana. The release comes alongside the recent close of its Seed round in Q3 2025, led by a follow-on investment from ENZA Capital, with participation from Seedstars International Ventures and Norrsken Africa Fund.
Founded in 2022 by former Jumia Country Managers, Kayode Adeyinka and Samuel Esiri, Gigmile has, in just four years, transformed from a bold experiment into a platform now unlocking essential mobility assets for thousands of underserved workers and enabling them to build long-term economic stability.
Across the continent, millions of gig workers striving to work in delivery, ride-hailing, logistics, and passenger mobility face insurmountable challenges securing income-generating vehicles. Traditional financial institutions often require collateral, extensive credit history, and formal documentation, requirements that exclude most workers in Africa’s largely informal economy.
Gigmile’s flagship platform, Gamma Mobility, bridges this gap.
Through a seamless lease-to-own model, gig workers can finance, manage, and eventually own motorcycles, tricycles, cars, and personal commuting vehicles. The platform is built around affordability and financial dignity. Gamma Mobility caps daily repayment at one-third of a rider’s expected earnings, with every lease bundled with comprehensive support including vehicle and driver insurance, maintenance and repairs, and full licensing and regulatory documentation.
To date, over 10,000 Vehicles have been deployed, with 8,500 active riders and 1,500 already owning their vehicles outright, marking a powerful milestone in upward mobility and income resilience.
Gigmile’s rapid scale has been enabled by strategic alliances with four of the five leading light vehicle manufacturers globally – Yamaha, TVS, Bajaj, and Hero, ensuring high-quality, durable vehicles tailored for African roads and gig-based use.
The company has now raised a combined $21million in debt and equity financing, enabling the deployment of thousands of financed vehicles across multiple markets and solidifying Gigmile’s position as a leading leasing enabler for mobility in Africa.
Today, Gigmile operates in 13 cities across Nigeria and Ghana, with plans to expand into 15+ new cities over the next year, supported by the company’s evolving leasing automation engine and growing operational footprint.
Gigmile’s 2025 Impact Report is available for download and details the platform’s financial, social, and sustainability results across its current markets.
Highlights From the 2025 Impact Report
According to the recently released report, Gamma Mobility has:
- Financed 8,500+ vehicles across Nigeria and Ghana
- Enabled 15,000+ gig workers to access stable work and recurring income
- Generated over $2 million in monthly rider earnings
- Deployed $18 million+ in financed assets
- Provided health insurance to 3,200 riders
- Achieved industry-leading 94% repayment and 95% utilisation rates
These outcomes demonstrate a scalable, capital-efficient and technology-powered model capable of driving both profitability and measurable social impact across emerging markets.
While gig worker financing currently accounts for the majority of Gigmile’s portfolio, the company is on the verge of expanding into new verticals, including:
- Personal mobility leasing for salaried professionals
- Embedded Finance (Bill Payments, Savings etc)
- Electric and CNG vehicle adoption, aligned with Africa’s clean mobility transition
“With this Impact Report, we are proud to show how technology, structured financing, and strong partnerships can unlock economic mobility at scale,” said Kayode Adeyinka, Co-founder and CEO, Gigmile. “Our model proves that mobility financing can be profitable, scalable, and deeply transformational. This funding enables us to serve more riders, onboard more women, and execute on our clean mobility roadmap.”
Gigmile is targeting $100 million+ in financed mobility assets by 2027 and is laying the groundwork for its next phase of expansion. As global and regional investors increase their focus on fintech, climate mobility, and emerging market credit infrastructure, Gigmile expects to open its Series A conversations early 2026.
