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Key people at Kuba.
Kuba, a mobility payments platform providing fare collection and transit payment solutions for transit operators, is based in London, England. The company leverages extensive experience in fare collection, drawing on three decades of industry heritage to deliver its core offerings. It provides a fast, simple, and cost-effective mobility payments platform designed with an open architecture to facilitate broad integrations with existing transit systems. Focusing on B2B solutions, Kuba serves transit operators by streamlining their payment processes and enhancing operational efficiency. The organization, which launched to introduce a modern approach to the mobility payments sector, currently employs 296 individuals. Kuba was founded in 2019. Its business model centers on B2B solutions for transit operators, specific revenue model not detailed in available sources.
Kuba is a software platform founded in 2015 and headquartered in Cape Town, South Africa, designed to empower small business owners in informal sectors by providing administrative tools like invoicing and project management.[1] It bridges trading between formal and informal markets, enabling micro-entrepreneurs—who possess skills to compete formally but lack support services—to grow, create jobs, and serve larger businesses or individuals.[1] Currently at the Incubator/Accelerator stage with investors including the Westerwelle Young Founders Program and Bertha Centre for Social Innovation and Entrepreneurship, Kuba faces challenges reflected in a recent Mosaic Score drop of -13 points, signaling potential financial or market pressures.[1] It competes with platforms like Bumpa and serves underserved informal economies in regions like South Africa.[1]
Kuba was founded in 2015, with founder and managing director Jacques Sibomana launching it from Cape Town's MTN Solution Space at the Waterfront.[1] Sibomana, based in South Africa, established the platform in 2017 as a digital solution specifically for micro-enterprises, building on the core idea of supporting informal sector owners with essential services.[1] Early traction came through incubator backing, positioning Kuba to facilitate easier collaborations between large formal businesses and small informal operators, marking a pivotal shift toward formalizing informal economies.[1]
Kuba rides the informal economy digitization trend, particularly in emerging markets like South Africa, where micro-enterprises drive significant GDP but face formalization barriers amid rising fintech adoption.[1] Timing aligns with global pushes for inclusive growth post-2020 economic shifts, amplified by accelerators focusing on social innovation; market forces like mobile penetration and demand for affordable admin tools favor platforms bridging formal-informal divides.[1] By enabling job creation and trading links, Kuba influences the startup ecosystem as an enabler for underserved founders, competing in a niche against ERP-heavy rivals while contributing to broader financial inclusion narratives in Africa.[1]
Kuba's path forward hinges on reversing its Mosaic Score decline through scaled user adoption and potential follow-on funding beyond incubators, targeting expanded services for informal sectors amid Africa's digital economy boom.[1] Trends like AI-driven admin tools and fintech integrations could accelerate growth, evolving Kuba from a support platform to a key ecosystem player—potentially influencing how investors view informal market tech. As a Cape Town-rooted empowerer of micro-entrepreneurs, it exemplifies software's role in unlocking hidden economic potential, tying back to its mission of formalizing skills for community-scale impact.[1]
Key people at Kuba.
