T40 Technologies Raises Pre-Seed Funding

T40 Technologies, a Lagos, Nigeria-based Inter-City Transportation and Logistics tech startup, raised an undisclosed amount in Pre-Seed funding.

The round was led by Reflect Ventures with participation from Startup Wise Guys, and Roselake Ventures.

The company intends to use the funds to accelerate growth, and expand operations.

Led by CEO Folarin Olulana, T40 provides a cloud-based transport and logistics operating system built for intercity service providers. Launched in 2020, the platform creates value in the intercity transport and logistics industry in Nigeria and across Africa by digitally enabling transport companies to sell tickets, manage inventory, and generate additional revenue. 

The company is also building a retail network that will allow PoS agents and other merchants to sign-up to sell retail bus and car tickets on the network for a commission.