Swapinga Ltd Fintech-powered pay-to-own ev leasing for taxi drivers

Swapinga is a fintech-powered e-mobility platform that enables taxi drivers to transition from aging, polluting vehicles to electric vehicles through pay-to-own leasing.

THE PROBLEM
Rwanda has over 3,000 taxis averaging 24 years old. Drivers face soaring fuel costs ($1.37/L), unreliable vehicles, and zero access to financing (banks have blacklisted the taxi sector). Meanwhile, regulators are phasing out fuel taxis starting 2025.

OUR SOLUTION
We partner with banks to provide plug-and-play EV lending portfolios powered by:
– AI Credit Engine using ride-hailing and mobile money data
– IoT fleet monitoring with GPS tracking
– Daily repayment system aligned with driver earnings

Unlike competitors, we’re asset-light. Banks hold the loans while we earn origination fees and vehicle sourcing margins.

TRACTION
– 12 brand new GAC AION UT EVs procured ($174K invested)
– 500+ driver applications with zero marketing spend
– 100 committed drivers representing $2M financing pipeli