Harare - Tinashe Ruzane, the CEO and co-founder of FlexClub has shaken the technology industry. The former Uber employee started a busine...
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Harare - Tinashe Ruzane, the CEO and co-founder of FlexClub has shaken the technology industry.
The former Uber employee started a business model typically similar to Uber but with a twist. His company, Flexiclub, lets you rent out your ‘spare’ or unused vehicle – and get paid for it. After three years, the company will buy the car from you if you so wish.The vehicles are, in turn, rented out to Uber drivers who cannot afford to buy vehicles of their own. According to Flexclub co-founder, the Uber drivers also have the opportunity to buy the vehicles from them.
Ruzane says they have up to R50 million worth of cars rented out to them since their launch last year. The Zimbabwean-born entrepreneur was a former employee at Uber.
Impressed by the idea, he bought his own vehicle and rented it out to a driver. He noticed that a lot of would-be drivers could not secure vehicle finance. He then approached Uber with an idea to, hopefully, change that.
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| Tinashe Ruzane |
“There was a lot of data that they had on the drivers that if used properly could help the drivers clear their records, making them trustworthy for a vehicle loan.”
Uber hired him in 2015 and in 2016 he moved to Amsterdam where he worked as their head of vehicle solutions in charge of Europe, the Middle East and Africa.
He then moved back to South Africa where he established his new multi-million rand company which is growing in leaps and bounds.
Uber hired him in 2015 and in 2016 he moved to Amsterdam where he worked as their head of vehicle solutions in charge of Europe, the Middle East and Africa.
He then moved back to South Africa where he established his new multi-million rand company which is growing in leaps and bounds.
"During my time at Uber, I lead the Vehicle Solutions team in EMEA, responsible for creating partnerships that help drivers get cars through rental, leasing or auto loans. I started out as a one-man band and built out a team of 10 people covering more than 25 countries and over 10,000 cars," Ruzane said.
Flexclub insures the cars and covers maintenance costs. It pays car owners directly; how much or how little the Uber driver made in a month is irrelevant – your payment is guaranteed.
Flexclub insures the cars and covers maintenance costs. It pays car owners directly; how much or how little the Uber driver made in a month is irrelevant – your payment is guaranteed.
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