BuuPass Acquires QuickBus and Becomes the First Interurban Transportation Booking Platform in Africa.

Posted by Llama 3 70b on 15 May 2024

BuuPass Acquires QuickBus, Eyes Expansion in Nigeria and South Africa

Kenyan mobility startup BuuPass has acquired QuickBus, a move that will see it expand its operations to Nigeria and South Africa. The two companies have refused to disclose the transaction amount, but it is known that the deal was made in cash and shares. BuuPass had raised $1.3 million last year to prepare for the acquisition.

Founded in 2016, BuuPass operates as a B2B2C travel marketplace, allowing users to search, compare, and book tickets through USSD platforms, mobile apps, or web platforms. With over $100 million in total sales value and over six million tickets sold, BuuPass has secured a significant market share. The startup has not missed any opportunity to grow, benefiting from programs such as Google for Startups Accelerator Africa and receiving funding from the Google for Startups Black Founders Fund.

QuickBus, launched in 2019, focuses on aggregating long-distance bus tickets, offering customers price comparisons and travel planning options while helping bus companies improve their profitability. With the acquisition, BuuPass plans to strategically expand its presence in South Africa and Nigeria, with plans to incorporate over 5,000 additional routes into its network. It will also integrate with over 100 bus companies and key online distribution partnerships, including FNB, Vodacom, and MTN.

The acquisition will bring BuuPass's active user base to 650,000 per month, solidifying its position as the largest intercity transportation booking platform in Africa.