Untapped Global has signed a deal with Teliman, Mali’s first on-demand moto-taxi service provider. This new partnership will benefit Teliman by providing them the adequate capital required to expand Teliman’s services over other West African markets. Teliman aims to recruit 400 new drivers by the end of the year to expand their services in West Africa.
Jim Chu, CEO of Untapped Global, said that they are pleased to partner with Teliman and expand their Smart Asset Financing model to generate more capital and distribute it among enterprises like Teliman to help build their technology. Besides this, they also help their clients and partners to make their operations progressive. Teliman would be relying on Untapped Global’s Smart Asset Financing platform. The Smart Asset Financing investment platform utilizes IoT tech. This investment platform would make investments safer and help to track the assets in real-time.
Teliman, a Mali-based motorcycle-taxi service provider, addresses one local problem of urban commuters who find it difficult to commute everyday due to a lack of proper transportation facilities and infrastructure facilities. So, the founders came up with a two-way economical solution for the people; one plan is to provide the local people with convenient on-demand commuting services. Another is to make the transport industry more organized and professional for both drivers and passengers.
Teliman has made a provision for bike drivers who either take the bikes on rent or loan to pay back the loan against a revenue-generating asset and simultaneously earn equity benefits. With the help of this scheme, the drivers can own their bikes after a two-year duration of lease. Additionally, Teliman appoints as well as trains the drivers. The Founder and CTO of Teliman, Kaivan Sattar, said that Teliman has already succeeded in creating 400 jobs for drivers. They now wish to expand the business over to other West African markets.
Untapped Global offers revenue-generating assets for entrepreneurs and business SME’s. It operates in a wide range of fields like the transport industry, water, energy, and agro-processing sectors. Based in San Francisco, Untapped Global collaborates with local operators of East Africa, West Africa, Europe, and the Caribbean. Its Smart Asset Financing platform offers CAPEX financing for several start-up enterprises in Africa.
Teliman’s on-demand moto-taxi service was first launched in Mali in 2018 by Abdoulaye Maiga and Hawa Traoré. Teliman’s agenda is to provide a safe transport facility via bikes to daily commuters in Mali. On the other hand, they also facilitate drivers by training them and providing them with financial aid, insurance policies, and protective gear.
