ACE co-founder Tunde Kehinde
Boosting pan-African trade
Kehinde started ACE with co-founder Ercin Eksin in 2014.
The company grew in 2015 after
securing an $850,000 investment from the African payments company Interswitch.
It
now has 120 staff delivering across the country. Around 90% of
deliveries are done by motorcycle and the rest by small trucks. The
bikes help the drivers squeeze between cars and trucks to get through
traffic jams.
In the two years
since its launch, ACE's drivers have delivered 350,000 parcels in
Nigeria and work with 1,500 businesses, including Guaranty Trust Bank,
Leadway Assurance and IBM.
Now, they are looking to expand across Africa, and hope to help boost cross-border trade.
"We
want any small business across the continent to be able to get goods
from A to B, track them in real time and get paid. Our aim is to make it
easier for the African community to succeed," said Kehinde.
30-minute delivery
Customers
in Lagos and Abuja can get food and drinks delivered in as little as 30
minutes from a selection of participating restaurants.
Other
items, such as parcels, bank cards and furniture are delivered across
Nigeria in two hours to two days, depending on the item and the
customer's location.
The system continuously builds up a database of addresses and customer details.
"This
is critical, because it means that the next time we come to you, we
already have the location and we know exactly who you are, so the
delivery can be that much faster," he adds.
Sending vaccines
ACE has attracted the attention of hospitals, helping connect doctors, pharmacies and patients, some of whom have signed up.
Vaccines can be delivered within a couple of hours, according to the company.
"We
partner with healthcare pharmacies who want us to help them deliver
goods to their customers and hospitals who are trying to trying to get
prescriptions to people."
Bank cards are also sent through ACE, Kehinde says.
Though
delivering on time in Lagos can be tough, with the notorious
unpredictability of the traffic, delays and unforeseen hindrances,
Kehinde says delays have not been a big issue so far.
Allowing merchants and customers to track the exact location of the parcel helps reassure them that all is well, Kehinde says.
"ACE really opens up opportunities for small businesses."
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