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Tugende logo — Own your future

Tugende

Own your future

Founded 2012 Uganda Kampala, Uganda 401 employees Series B Total: $60.98M Fintech, Insurance +1

General Information

Company Name Tugende
Founded Year 2012
Location Uganda Kampala, Uganda
Employees 401
Industries Fintech, Insurance, Marketing
Funding Stage Series B
Business Model B2C, B2B, Platform
Revenue Model Leasing/Rental, Service Fee, Subscription
Social

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About Tugende

Tugende addresses the credit gap for small businesses in Africa, focusing on informal entrepreneurs by providing services that support ownership of income-generating assets and digital credit profile creation. The company is headquartered in Kampala, Uganda.

Founded in 2012, Tugende offers credit for motorcycle taxis, training and support, life and medical insurance coverage, safety gear provision, and digital credit profile development for informal entrepreneurs, small business owners, motorcycle taxi operators, and MSMEs in Africa. It operates using a B2C, B2B, and platform business model, generating revenue through leasing/rental agreements, service fees, and subscriptions.

Business keywords: credit gap, small business finance, informal entrepreneurs, income-generating assets, digital credit profiles, growth opportunities, ecosystem development, MSME support, asset ownership, motorcycle taxi drivers, income enhancement, job security, road safety, value-added services, digital platform

Services & Products

Credit for motorcycle taxis
Training and support
Life and medical insurance coverage
Provision of safety gear
Digital credit profile development

Target Customers

Informal entrepreneurs Small business owners Motorcycle taxi operators MSMEs in Africa

Funding Rounds & Investors (11)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $5.00M 1
Goldfinch Partners
Goldfinch Partners
01 Sep 2023
Series B $5.00M 1
Cordaid Investment Management
Cordaid Investment Management
01 Oct 2022
Early VC Undisclosed 5
Enza Capital Mobility 54 Investment SAS
Enza Capital, Mobility 54 Investment SAS +3
01 Jun 2022
Debt Financing $17.00M 4
Goldfinch Partners Abler Nordic
Goldfinch Partners, Abler Nordic +2
01 Dec 2021
Series A $3.60M 2
Enza Capital
Enza Capital, Partech
01 Mar 2021
Series A $6.30M 4
Toyota Tsusho, Segal Family Foundation +2
01 Oct 2020
Early VC $13.00M -
01 Nov 2019
Debt Financing $5.00M 1
Blue Earth Capital AG
Blue Earth Capital AG
01 Feb 2019
Debt Financing $5.00M 1
OPIC
01 Jul 2018
Seed $780.00K -
01 Jan 2015

View All 11 Funding Rounds

Tugende Alternatives & Competitors

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Tugende vs
Amplify Life Insurance
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Series B
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Tugende vs
The Zebra
The Zebra United States

Why wouldn't you want to work for what's called “the most interesting company in insurtech”? 🦓

Venture round
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Compare Tugende vs The Zebra
Tugende vs
TQD Co., Ltd.
TQD Co., Ltd. Thailand

We are an expert of what we do! Let's plan and develop financial and insurance products!

18 employees
Financial Services, Fintech
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FAQ About Tugende

Own your future
Tugende was founded in 2012.
Tugende is headquartered in Kampala, Uganda.
Tugende operates in Fintech, Insurance and Marketing. Its work centres on credit gap, small business finance, informal entrepreneurs and income-generating assets. Its customers include Informal entrepreneurs, Small business owners and Motorcycle taxi operators.
Tugende has a B2C, B2B and Platform business model. Its revenue comes from Leasing/Rental, Service Fee and Subscription.
Tugende has approximately 401 employees.
Tugende has completed 11 funding rounds, raising a total of $60.98M. The latest funding stage is Series B.
Tugende offers: Credit for motorcycle taxis, Training and support, Life and medical insurance coverage, Provision of safety gear, Digital credit profile development.
Top alternatives and competitors to Tugende include Amplify Life Insurance, The Zebra, TQD Co., Ltd., Smartchoice, Farm Infinity®. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Tugende and Amplify Life Insurance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Tugende, https://bouncewatch.com/company/tugende, updated 7 October 2026. When citing, please name BounceWatch and link this page.

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