Online delivery platform Sendy has signed an agreement with financial technology firm Crediation that will enable riders to acquire Yamaha motorcycles from Toyota Kenya through flexible instalment payments.
Tokyo-headquartered Crediation has fully financed the motorcycles, allowing successful riders to acquire the Yamaha Crux bikes from Toyota Kenya without a deposit.
The riders will be required to make monthly payments for the motorcycles for 12 months.
Toyota Kenya will provide aftersales support to Sendy partners, including two free service appointments and free rider training at the Yamaha Rider Academy.
The partnership is spearheaded by Japan’s trading giant Toyota Tsusho Corporation (TTC) which has stake in Toyota Kenya and Sendy.
TTC announced last year that it invested $7.6 million (Sh837 million) to acquire an undisclosed stake in Sendy, adding that the move paves the way for the parties “to pursue mutually beneficial business deals”.
“Toyota Tsusho Group is committed to support the Sendy’s business expansion with Kaizen initiatives on the ground,” the multinational said at the time. “The group will also engage in facilitating the use of Sendy’s services with the group’s Pan-Africa automotive network, consumer goods and retail operation, agricultural operation etc, generating mutual synergies between Sendy and the group.”