SA’s FlexClub launches service allowing fractional investment in ride-hailing fleets


South African startup FlexClub has partnered with Sunstone Capital and Easy Equities to make it possible for anyone to invest in a share of ride-hailing fleets for as little as ZAR100 (US$7). 

Formed in November 2018, FlexClub is a managed marketplace that simplifies investing in cars rented to people using gig platforms to earn a living. Essentially, it allows users to purchase vehicles which are then matched with Uber drivers who pay a weekly rental charge to the investor.

FlexClub offers Drivers Club members – like Uber drivers renting the cars – access to its market-first “Drive-to-Buy” package which empowers them with the flexibility to rent the vehicle until it is affordable enough for them to buy it. It currently serves more than 300 members operating on the Uber platform in both Mexico and South Africa.

Its new service, which it says is a “global first” allows retail investors direct investment access to vehicles in ride-hailing fleets. Through a partnership with EasyEquities and Sunstone Capital, prospective South African investors can purchase shares in ride-hailing fleets, effectively pooling their capital to purchase rental-earning fleets.

Applying for shares on EasyEquities entitles investors to receive annual dividends from fleet rental income and offers them the ability to claim 100 per cent of their investment as a tax deduction against their taxable income thanks to Section 12J, a section in the South African Income Tax Act which provides a tax incentive for individuals, trusts and companies who invest in a SARS-approved Venture Capital Company (VCC).


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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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