T
Tugende
Fintech · Kampala, Uganda · Founded 2012
Creating opportunity through ownership by kick-starting financial independence for Ugandan motorcycle taxi drivers (boda bodas) MoreLess
Tugende is a financial services company that addresses the credit gap faced by micro, small, and medium enterprises (MSMEs) in Africa. Operating primarily in Uganda, Tugende provides asset financing to informal sector entrepreneurs, allowing them to own essential productive assets such as motorcycles, which are commonly used as taxis. The company serves clients who typically lack access to traditional banking services, offering them a pathway to asset ownership within 24 months. Tugende's business model includes not only financing but also value-added services such as training, life and medical insurance, and high-quality safety gear. This comprehensive support helps clients increase their economic stability and growth. The company generates revenue through interest and fees associated with its financing products. With over 30,000 clients and a growing presence in new sectors, Tugende is building a long-term ecosystem for MSMEs to thrive. Keywords: asset financing, MSMEs, Uganda, motorcycle taxis, informal sector, economic growth, training, insurance, safety gear, financial services.
Company overview
Tugende company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2012
- Headquarters
- Kampala, Uganda
- Employees
- 404
- Open positions
- 1
- Dealroom signal
- 68.2
Valuation & funding
Tugende funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Sep 2023 | $5M | — | Goldfinch | ↗ |
| SERIES B✓Equity / VC | Oct 2022 | $5M | $65M | Global Partnerships/Eleos Social Venture Fund · Mobility 54 · Women's World Banking · Partech | ↗ |
| DEBT✓Debt | Oct 2022 | $5M | — | Cordaid Investment Management | ↗ |
| EARLY VC✓Equity / VC | Jun 2022 | — | — | Enza Capital · Women's World Banking · Global Partnerships/Eleos Social Venture Fund · Mobility 54 | ↗ |
| DEBT✓Debt | Dec 2021 | $17M | — | Lendahand · Goldfinch · Abler Nordic · Symbiotics Group | — |
| SERIES A✓Equity / VC | Mar 2021 | Enza Capital · Partech | — | ||
| SERIES A✓Equity / VC | Oct 2020 | Toyota Tsusho · Global Partnerships/Eleos Social Venture Fund · Segal Family Foundation · Denali Venture Philanthropy | — | ||
| EARLY VC✓Equity / VC | Nov 2019 | Undisclosed | — | ||
| DEBT✓Debt | Feb 2019 | Blue Earth Capital | — | ||
| DEBT✓Debt | Jul 2018 | OPIC | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 404 |
| 2025 | 396 |
| 2024 | 432 |
| 2023 | 446 |
| 2022 | 343 |
| 2021 | 343 |
| 2020 | 280 |
Growth signals
Tugende website traffic
Latest recorded traffic for Tugende is 2K monthly website visits, down 28.6% over the last three months. Tugende's team grew 2% over the past year.
Hiring
Open positions at Tugende
Current openings linked to this company in Dealroom.
Comparisons
Tugende compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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|---|---|---|---|---|---|
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 Frank J Antosz Jr, CPAFull service tax and accounting firm |
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 WSRPWSRP - Full Service Accounting FirmWSRP | WSRP : Certified Public Accountants (CPA) : Salt Lake City : Las Vegas |
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Talent graph
Tugende's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Tugende has talent and traffic
team presence
In the news
Latest news about Tugende
Recent press, funding announcements, and product moves mentioning Tugende — open to read from the original sources.
Market sentiment
What the market is saying about Tugende
An AI-synthesized read of the highest-engagement posts about Tugende on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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