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at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D.
Rocket often followed the Blitzscaling model popularized by Reid Hoffman — earning them an appearance in his book of the same name. My personal observations on Rocket’s successes and failures start with this crucial point: These learnings might not apply to your unique combination business model, market and timing.
In South Africa, Bolt has a similar arrangement with FlexClub, a vehicle subscriptions marketplace, that allows drivers to get into the taxi business through a lease-to-own financing model. One of the models of partnership that we’re really expanding this year is around vehicle financing. Image Credits: Bolt.
A plan to replicate the model of Grab and Gojek in Southeast Asia saw Gozem expand its transport verticals to include taxi and tricycle services across multiple cities in Togo and Benin. Then the company launched an asset financing option for its drivers, employing a lease-to-own model for vehicles and associated equipment.
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