Global Investor Relations · Series A Preparation

Africa's
Auto Standard.

Market Size
$40B+
Sub-Saharan Africa vehicles/yr
Financing Access
<10%
Of buyers served today
Year 1 Revenue Target
UGX 132M
Conservative projection
Expansion Path
54+
African countries addressable

The infrastructure gap is real.
The timing is now.

Africa's vehicle market is one of the fastest-growing in the world — yet over 85% of transactions happen through informal, unverified channels with no financing, no transparency, and no trust layer.

Banks across the continent receive thousands of vehicle loan applications annually — and reject most due to poor documentation, unverified income, and incomplete applications. The demand exists. The infrastructure does not.

Carvan is the structured digital layer that fixes this — connecting verified buyers, verified dealers, and partner banks in one end-to-end platform. Asset-light, high-margin, infinitely scalable across every African market.

The analogy is clear: Stripe for payments. AutoTrader for listings. Carvan for African auto-fintech. First mover. First-principles design. Built for the continent.

$40B+
Annual SSA vehicle market
Source: African Development Bank
85%
Informal, unstructured transactions
Industry estimate
$89B
Annual African diaspora remittances
World Bank, 2023
1.4B
African population — growing middle class
UN, 2024

Three converging forces
make this the moment.

01 / FINTECH WAVE
African Fintech is Accelerating
Mobile money penetration across East and West Africa is at an all-time high. M-Pesa, MTN MoMo, and Airtel Money have created a digital financial culture — Carvan rides this infrastructure.
621M
Mobile money users in Africa by 2025
02 / FIRST MOVER
Zero Direct Competition in Uganda
No platform in East Africa combines verified dealer listings with AI loan pre-qualification and structured bank referral in one product. Carvan launches with no direct competitor in the launch market.
0
Comparable platforms in Uganda today
03 / ASSET LIGHT
Pure Infrastructure — Maximum Scalability
Carvan never owns vehicles or lends money. Every UGX of revenue is margin-rich. The platform scales to Kenya, Nigeria, and Ghana with minimal marginal cost — like software, not like inventory.
~70%
Target gross margin at scale

Three diversified
revenue streams.

💼
Dealer Subscriptions
Monthly SaaS-style fees from verified dealers — Basic, Pro, Elite tiers
UGX 150K–600K/mo
🚗
Transaction Commission
Earned on each completed vehicle sale facilitated through Carvan
1–2% per deal
🏦
Bank Referral Fees
Paid by partner banks on every successfully funded vehicle loan
1% of loan value
🔮
Future: Insurance & Inspections
Embedded vehicle insurance referrals, pre-purchase inspection services
Phase 3+
Year 1 Projections — Uganda Pilot (Conservative)
Dealers onboarded20
Avg. subscription/dealer/moUGX 300K
Subscription revenue/moUGX 6M
Financed deals/mo10 sales
Avg. vehicle valueUGX 45M
Transaction + referral revenue/moUGX 5M
Total monthly revenueUGX 11M
Year 1 annual revenueUGX 132M
Conservative model. Actual revenue will depend on dealer onboarding pace, bank MOU timelines, and market adoption. Does not include insurance or inspection revenue.

How Carvan compares
to the alternatives.

Platform Verified Dealers AI Pre-Qualification Bank Referral Uganda Market Pan-African Scope
CarvanUS ✓ Launch ✓ Vision
Jiji (Classifieds) ~ Limited ~ Partial
OLX Africa ~ Partial
AutoTrader (SA) ~ Partial ~ Partial ✗ SA only
Direct Dealer (Informal) ✓ Dominant

From Uganda
to 54 countries.

🇺🇬
PHASE 1 — NOW
Uganda
2026 · Launch Market
20+ dealer onboarding
3 bank partnerships
AI pre-qual engine live
Florida community raise
🇨🇦 🇺🇸
PHASE 1b — PARALLEL
Diaspora
2026 · Canada & US
Carvan CA platform
Diaspora buyer flow
Remote vehicle purchase
Community investor round
🇰🇪
PHASE 2 — YEAR 2
Kenya
2027 · East Africa
Carvan KE launch
Nairobi dealer network
Kenya bank partnerships
Series A fundraise
🇳🇬 🌍
PHASE 3–4 — YEAR 3+
Pan-Africa
2028+ · Nigeria & Beyond
Nigeria — largest SSA market
Ghana, Rwanda, Tanzania
API bank integrations
Series B + exit potential

Built by a founder
who understands Africa.

JN
Jonathan Ndakola
Founder & Group CEO
Carvan's founder brings deep knowledge of African vehicle markets, fintech dynamics, and diaspora capital flows. He designed Carvan from the ground up as infrastructure — not a listing site — and is committed to the long-term Pan-African vision.
63%
Equity held
100%
Committed
UGX 132M
Year 1 projected annual revenue — Uganda pilot (conservative)
20+
Dealers targeted for onboarding in Year 1 — Uganda
3
Bank partnership conversations active — Uganda
~70%
Target gross margin at scale — pure software model
5 days
Target credit decision SLA with partner banks
$50K
Community seed round — Florida diaspora investors (open now)

Three credible
paths to returns.

🏦
Strategic Acquisition
Pan-African bank, fintech platform, or international automotive group acquires Carvan as they seek to enter or expand across African vehicle markets. Most likely exit path at Series A/B stage.
Comparable: OLX Africa acquisition by Naspers; Autochek's Pan-African roll-up
📈
Regional IPO
Carvan lists on the Nairobi Securities Exchange, Nigerian Exchange Group, or Uganda Securities Exchange as a Pan-African fintech infrastructure company once revenue and market presence are established.
Comparable: Safaricom, Flutterwave pre-IPO, Jumia (NYSE)
🤝
Series B Secondary
Global VC or growth equity investor acquires secondary stakes from early investors at significant premium, providing liquidity for seed investors while Carvan continues scaling across the continent.
Comparable: Standard secondary transactions in African fintech at Series B

Invest in Africa's
auto infrastructure.

Carvan is building for global investors who understand Africa, believe in structured fintech, and want first-mover exposure to a $40B+ market that is still 85% informal.

Investor Relations
For global institutional and angel investors — request the full investor pack, financial model, and cap table.
investors@carvan.africa
Founder — Direct
For strategic conversations with Jonathan Ndakola, Founder & Group CEO of Carvan Technologies Ltd.
jonathan@carvan.africa

This page is for informational purposes only and does not constitute an offer to sell securities. Investment in Carvan Technologies Ltd involves significant risk. Prospective investors should conduct their own due diligence and seek independent legal and financial advice.