In a move to solidify its position as a leader in African bus ticketing, Kenyan travel booking platform BuuPass has acquired its Nigerian and South African competitor, QuickBus. The financial details of the cash and stock deal were not disclosed.
This acquisition brings together two key players in the African travel tech space. Founded in 2016 by Sonia Kabra and Wycliffe Omondi, BuuPass has facilitated over 6 million bookings and generated more than $100 million in total sales. QuickBus, established in Kenya in 2017, has a strong presence in Nigeria and South Africa.
Increased User Base and Wider Network
The acquisition significantly expands BuuPass’s user base. With the addition of QuickBus’s users, BuuPass’s monthly active users will jump to 650,000. More importantly, BuuPass gains access to a wider network of routes across 16 African countries, including Nigeria, Kenya, Tanzania, South Africa, Malawi, and Ghana. This allows users to book major routes, such as Johannesburg to Cape Town, directly through BuuPass.
Strategic Integration and Partnership Opportunities
The deal also presents strategic advantages for both companies. BuuPass aims to leverage QuickBus’s existing partnerships with major banks and telecom companies in Nigeria and South Africa. This includes integration with platforms like Vodaphone’s VodaPay app, allowing BuuPass to expand its reach to new customer segments. Additionally, developers and product managers from QuickBus will join BuuPass, facilitating a smoother integration process. QuickBus’s South African head of operations will also join BuuPass’s management team.
Combined Strengths and Future Growth
The acquisition brings together companies with complementary strengths. BuuPass, with its experience in the Kenyan market and recent funding of $1.3 million, seeks further expansion in Africa. QuickBus, with its established presence in Nigeria and South Africa, offers a wider customer base and potentially interesting features like its Cash Advance product.
BuuPass anticipates this acquisition will pave the way for the introduction of additional travel options, such as train and flight bookings, which were previously limited on their platform. They project to add even more routes across Africa by the end of the second quarter.
This move by BuuPass signifies the growing consolidation within the African travel technology sector. It will be interesting to see how this acquisition shapes the future of bus ticketing and broader travel booking services across the continent.