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South African Mobility Startup LULA Expands Footprint With Zeelo Deal

Key Developments

South African Mobility Startup LULA Expands Footprint With Zeelo Deal

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Mobility startup LULA has announced a significant expansion through the acquisition of UK-based Zeelo’s South African operations.
 

The deal marks a strategic move for LULA, which aims to scale its services and solidify its position in the market.

Founded in 2014 by Xabiso Nodada and Velani Mboweni, LULA offers a tech-enabled solution for employee transportation, providing safe and reliable rides between homes and workplaces.

The company has experienced substantial growth over the past five years, with a consistent year-on-year increase of between 2.5 and 4 times its size, despite economic challenges.

Zeelo, a similar platform specializing in smart bus solutions for organizations, will now see its South African operations integrated into LULA’s platform.

This acquisition is expected to boost LULA’s customer base, vehicle fleet, and workforce, enabling the company to expand its reach both domestically and into other African markets.

“This acquisition is a game-changer for LULA,” said Xabiso Nodada, co-founder of LULA. “It propels us into profitability and provides the necessary foundation for strategic growth.”

Zeelo, which entered the South African market in 2018, is refocusing its efforts on the UK, Ireland, and North America.

The company expressed gratitude for its time in South Africa and confidence in LULA’s ability to continue serving its customers and partners effectively.

“We believe LULA is well-positioned to address South Africa’s transportation challenges,” said Sam Ryan, founder and CEO of Zeelo. “We are excited to support this transition and anticipate LULA’s future success.”

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Nancy Gatimu is Empowering Individuals and Businesses to Achieve Financial Freedom and Growth

Nancy Gatimu is Empowering Individuals and Businesses to Achieve Financial Freedom and Growth

Nancy Matimu is a prominent business leader and the Founder and CEO of Serrari Group.

Her career spans over 20 years in various high-profile roles across leading companies in different sectors, including telecommunications, financial services, and digital marketing.

She has held several senior management positions, including Managing Director of MultiChoice Kenya, Vice President for Market Development in Sub-Saharan Africa at Mastercard, and Chief Digital and Marketing Officer at HF Group.

Her leadership at MultiChoice Kenya, starting in December 2019, marked her as the first female Managing Director of the company, a significant milestone in a male-dominated industry.

In 2018, recognizing the need for more focused and inclusive solutions in financial and educational technology, Matimu founded Serrari Group.

This transition from corporate roles to entrepreneurship was driven by her desire to leverage her extensive experience to create impactful solutions that address the unique challenges faced by individuals and businesses in Africa​.

At Serrari Group, Matimu aims to foster growth and financial freedom in Africa through innovative fintech and edtech solutions.

The company’s mission is to create the easiest, simplest, and most versatile online education platform, financial literacy platform, and a comprehensive digital financial services marketplace.

Matimu holds an MBA from Strathmore Business School and IESE Business School, a Bachelor’s degree in Environmental Studies from Kenyatta University, and a diploma in Marketing from the Chartered Institute of Marketing, UK.

She is also involved in various educational and business boards, serving as the Vice-Chairperson of the University Council Board at KCA University and as a Global Board Trustee at Education Sub-Saharan Africa (ESSA).

She has been recognized as one of the top 100 most influential women in Africa in 2020 for her contributions to the digital economy.

This recognition underscores her impact and influence in the business world, particularly in Africa​.

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Babs Ogundeyi

He is the Co-Founder and CEO of Kuda Bank, a fintech company on a mission to make financial services more affordable, accessible and rewarding for every African.

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