Araka

Araka offers motorcycle taxi/bodaboda riders pay as you go asset financing, mobility and logistics clients, and health insurance and discounts.

  • Stage Product In Market
  • Industry Fintech
  • Location Nairobi, Kenya
  • Currency USD
  • Founded January 2021
  • Employees 6
  • Incorporation Type LLC
  • Website araka.app

Company Summary

The motorcycle taxi/bodaboda rider faces three main challenges, namely:

1. no path to asset ownership, with upto 7/10 renting their motorcycles;

2. paying high commissions to be connected to delivery or mobility jobs for passengers’ jobs, upto 20% and

3; lack of value added services such as discounted fuel, health insurance.

Araka has created an ecosystem where the motorcycle rider can access all the above 3 services.

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