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This South African Startup Just Partnered With Uber Mexico And Reached $1.2 Million in Funding

Flex Club wants to be the middleman between Uber drivers and investors. The South Africa-based company just reached $1.2 million in funding and plans to expand its teams and products, according to TechCrunch. Flex Club also has a new partnership with Uber Mexico that lets investors buy cars rented out to Uber drivers. Drivers can “link their gig accounts” to Flex Club, which uses drivers’ Uber stats to determine payment option. “Our goal is to make this completely passive… where investors can invest in different kinds of assets on our platform, login to a dash, and see this is how my five cars in South Africa are doing, my vans in Mexico, my motorbikes in Indonesia — with a diversified portfolio around the world,” Flex Club Co-founder and CEO Tinashe Ruzane said to TechCrunch. Flex Club drivers can pay as little as $160 a week for their cars, while investors use the platform to track how their cars across the world are doing. There’s also no obligation for drivers to buy the...

Arriana McLymore

Mar 19, 2019