Nairobi, Kenya – March 14th, 2022 – HAL Capital, an embedded Kenyan Fintech, has signed a landmark partnership agreement with HAVA, a leading Kenyan online ride-hailing company. The signing ceremony was attended by the Co-Founder of HAL Capital, Mr. Mohamoud Dualeh, and his counterpart, the Founder of HAVA, Mr. Abdifatah Mohamud. HAL capital will provide its embedded financing platform and associated services to HAVA’s online ride-hailing drivers in this partnership.
According to Mr. Dualeh, “this partnership will provide much needed financial assistance to online ride-hailing drivers, who are often constrained by the lack of funds and the cost of fuel which impacts their overall earnings. HAL Capital will thereby “ease their burden by providing fuel financing available via HAL’s financing platform,” he added.
With the signing of this agreement, both HAVA and HAL Capital will work towards the common goal of enhancing and developing one another’s businesses and brand names by leveraging one another’s expertise and network. The agreement is also in line with HAL Capital’s vision and future development strategies of addressing financial services availability and helping realize HAL Capital’s desire to promote financial affordability in East Africa.
Meanwhile, the Founder of HAVA, Mr. Abdifatah said also: “I am very excited to see the results of this partnership with HAL Capital, where our drivers will get access to instant finance that will directly allow them to improve their daily earnings and improve their overall livelihood.
ABOUT HAL CAPITAL:
HAL Capital is a Shariah-compliant Kenyan Fintech that empowers MSMEs (Duka/Merchants) and Self-Employed Businesses (Drivers and others) with an online financing tool in the form of embedded supply chain microfinance.
HAL Capital aims to improve financial inclusion & affordability in Kenya while offering products and services that adhere to stringent regulatory standards & consumer demands. Its cutting-edge digital mobile finance platform provides customers access to credit products and services that are easy to avail to address the funding gap that small Kenyan business owners face today by enabling them to stock supplies constantly and to grow their businesses bigger.
ABOUT HAVA:
HAVA is a modern, sustainable and fast-growing online ride-hailing company based in Kenya with an aim of balancing a Driver’s need to earn a livelihood with that of a Rider, affordable transportation across major cities and towns. With a wide range of options to choose from; vehicle types to drivers nearby, we are the panacea to all your conveyance ills. Riders can quickly request a ride from their mobile phone using the HAVA app.
