Mobility fintech startup Naran raises $10M from Landel to scale across LatAm and Africa
NaranCompany
LandelInvestor
Naran, a mobility‑financing and fleet‑infrastructure platform, raised $10 million in equity and debt from UAE‑based investor Landel to fund fleet expansion in Colombia, Peru, Senegal and Côte d’Ivoire and to enter new markets across Latin America, Africa and MENA.
Mobility fintech startup Naran has secured $10 million in equity and debt financing from UAE‑based investment firm Landel, funding its fleet expansion across Latin America and Africa.
Deal Terms
The round, announced on August 13, 2026, totals $10 million and combines both equity and debt components. Landel is the sole disclosed investor, providing capital that Naran will allocate to vehicle acquisition, market entry, and the rollout of new fintech products. Details on the valuation multiple were not disclosed.
Background
Founded in 2025 by former Yango executives Bayaskhalan Alexeev and Alexander Gubarev, Naran offers rent‑to‑own financing for cars and motorcycles, with contract terms of 12‑60 months. The company purchases vehicles directly from manufacturers and partners with ride‑hailing and delivery platforms such as Yango and inDrive. Naran’s proprietary fleet‑management system handles driver onboarding, payment scheduling, utilisation tracking, telematics and maintenance on a single SaaS stack, enabling rapid scaling across geographies.
The financing round supports Naran’s plan to scale its own fleet in Colombia, Peru, Senegal and Côte d’Ivoire while opening its technology to third‑party operators as a SaaS offering. The firm also aims to expand into additional Latin American, African and MENA markets, positioning itself as an asset‑backed financing platform that can generate hard collateral and recurring cash flow.
Strategically, Landel’s investment targets an emerging‑market model that couples tangible vehicle assets with a scalable software platform. By backing a business that creates both supply for ride‑hailing platforms and a SaaS revenue stream, the investor taps into a market projected to reach $8 billion in shared‑mobility spend by 2030.
The capital infusion accelerates Naran’s multi‑fleet strategy, allowing it to serve third‑party operators, provide asset‑backed debt financing, and potentially acquire operators outright, turning competitors into customers and deepening its foothold in high‑growth emerging markets.
Why It Matters
For Naran, the $10 million injection removes a key financing bottleneck, enabling rapid fleet growth and the launch of its SaaS fleet‑management product for third‑party operators. This positions the company to outpace rivals that rely on traditional bank loans or fragmented financing solutions, and it creates a defensible moat by tying vehicle ownership to its proprietary software.
Landel gains exposure to a high‑margin, asset‑backed fintech model that generates daily cash flows and hard collateral—attributes attractive to investors seeking predictable returns in emerging markets. The deal also pressures other mobility financiers to adopt integrated SaaS platforms, potentially reshaping the competitive dynamics among ride‑hailing partners and independent fleet operators.
Key Points
- Naran raised $10 million in equity and debt financing from Landel.
- Funding will be used to scale fleets in Colombia, Peru, Senegal and Côte d’Ivoire and to enter new markets across Latin America, Africa and MENA.
- Naran’s platform combines rent‑to‑own vehicle financing with a SaaS fleet‑management stack for third‑party operators.
- Founders are former Yango executives with deep operational experience in emerging‑market ride‑hailing.
- Landel’s investment targets an asset‑backed fintech model that delivers hard collateral and recurring cash flow.
Analysis
While the deal’s valuation multiple was not disclosed, the $10 million infusion underscores investor appetite for asset‑backed SaaS models in emerging markets. Naran’s hybrid approach—pairing rent‑to‑own financing with a cloud‑native fleet‑management platform—creates a recurring revenue engine that can scale beyond its own vehicle inventory. For SaaS operators, the transaction highlights the upside of embedding financing into core product offerings, turning hardware assets into data‑rich, subscription‑based services. Investors may view the round as validation that hard‑collateralized fintech can achieve unit economics comparable to pure‑play SaaS, especially when coupled with high‑growth mobility demand projected to double by 2030. As Naran expands into new geographies, its SaaS stack could become a de‑facto standard for fleet operators, prompting incumbents to either partner or develop competing platforms. The capital also equips the company to pursue strategic acquisitions of local operators, further consolidating a fragmented market and enhancing cross‑sell opportunities for its financing products. Overall, the financing signals a broader trend where SaaS and fintech converge to unlock credit access in informal economies, offering investors a blend of growth, margin and asset security.