The coronavirus pandemic boosted the African delivery segment. Unfortunately, some operators are unable to access operational loans. A Zimbabwean startup wants to offer an alternative solution. 

Thumeza is a Zimbabwean startup that allows small-scale transporters access to short-term operational loans. Founded in 2018 by Gugulethu Siso (photo), the startup describes itself as an “empathetic alternative financing solutions” provider. 

“Access to credit is a lifeline for growth which unfortunately over 70% of small scale transporters active in Africa’s 300 Billion US dollar logistics industry do not have. This is either due to a lack of collateral or credible operational data. This means that as a small scale transporter, options for quick access to assistance are extremely limited should you get a post-paid trip, have a breakdown in transit, need to pay for insurance, or simply need to service your vehicle and meet other day-to-day operational needs,” it explains on its website. 

To access Thumeza’s services, users need to register on its web platform (currently, there is no mobile platform) by filling out a Google form. Based on the information collected, Thumeza estimates the volume of credit that can be granted to each user.

In 2021, the startup was named one of 10 finalists in Telecel Group's US$750,000 Africa Startup Initiative (ASIP) program and Startupbootcamp Afritech accelerator. In 2022, the startup expanded its services to Zambia and Kenya with plans to launch operations in South Africa in the coming months.

Adoni Conrad Quenum