Allianz X’s Series B Investment In SafeBoda

Fox Williams advised Allianz X on this operation.

SafeBoda, winner of the 2018 AppsAfrica Award, aims to offer reliable and safe transportation to its customers and its mobile payment platform is an example of digital companies contributing to financial inclusion across Africa.

This is Allianz X’s first investment in an African-headquartered company. Allianz intends to leverage its regional presence and capabilities, working with SafeBoda to transform transportation, logistics, and payment sectors in Africa.

Allianz X co-invested with Go-Ventures, a venture fund whose cornerstone investor is GO-JEK. Allianz and GO-JEK are already partners in GO-JEK’s home market of Indonesia.

Working closely with the Allianz X in-house legal team, the Fox Williams team principally comprised head of corporate Richie Clark (Picture) and corporate senior associate Hannah Elliott.

Involved fees earner: Richie Clark – Fox Williams; Hannah Elliott – Fox Williams;

Law Firms: Fox Williams;

Clients: Allianz X;