Company
Tugende
Tugende began by filling this credit gap for motorcycle taxis in Uganda, helping these self employed entrepreneurs own instead of rent their key productive assets in 24 months or less.
- Status
- Operatingas of 2026-09-19
- Business model
- B2B
- Headquarters
- Uganda
- Founded
- 2012
- Employees
- 800+ full time staffSource (opens in a new tab)
- Customers
- informal sector entrepreneurs (MSMEs)
- gotugende.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Press page (opens in a new tab)
- Careers (opens in a new tab)
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Record updated 19 September 2026
About
Tugende is a for-profit social enterprise formally established in 2012 in Uganda. We use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs (MSMEs) dramatically increase their economic trajectory.
Funding snapshot
- Total raised
- $26.9MSum of rounds, as of 2026-09-19Source (opens in a new tab)
- Latest round
- Series B2022-06-16
Funding rounds
- Series B
- 2022-06-16
- Debt
- $17M2021-12-20, Company stated
- fresh equity
- $3.6M2021-03-31, Company stated
- Series A
- $6.3M2020-10-05, Company stated
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