Benin & Dubai, UAE – July, 2025

IPS-Nada, a pioneering urban transport startup in Benin, today announced a strategic partnership with global startup accelerator FasterCapital through its LaunchUp program. This collaboration aims to fast-track IPS-Nada’s mission to provide secure, reliable, and affordable minibus transport services connecting key economic hubs across Benin, including Cotonou, Porto-Novo, and northern cities. Leveraging FasterCapital’s extensive resources and expertise, IPS-Nada is positioned to expand rapidly within the growing West African transport market.

Addressing Benin’s Urban Transport Challenges
Benin’s urban centers face significant transport inefficiencies, with unreliable and unsafe options hindering economic and social mobility. The country’s growing population and expanding commerce demand dependable transit solutions, yet current offerings—such as taxis-brousse and informal buses—fall short on safety, punctuality, and comfort. IPS-Nada targets this gap by introducing a fleet of Toyota Coaster minibuses equipped with GPS tracking and professional service standards, aiming to serve commuters, students, and government employees with a consistent, affordable fare of 7,000 FCFA per trip.

Innovative Solution Driving Market Differentiation
IPS-Nada’s core value proposition centers on transforming Benin’s passenger transport landscape through technology-enabled, customer-focused service. Each minibus accommodates 25 passengers, with an initial fleet of three vehicles targeting 50 passengers daily. The company’s organized booking system via phone and WhatsApp, combined with GPS monitoring, ensures safety and punctuality—key differentiators in a fragmented market. Early projections estimate monthly revenues of 10.5 million FCFA and a break-even point at just 25 passengers per day, underscoring strong unit economics and scalability potential.

FasterCapital Partnership Accelerates Growth Trajectory
Through the LaunchUp program, FasterCapital provides IPS-Nada with strategic mentorship, capital-raising support, and access to a global network of investors and industry experts. Selection into this highly competitive program validates IPS-Nada’s innovative approach and market readiness. FasterCapital’s founder, Hesham Zreik, emphasizes the startup’s potential: “IPS-Nada exemplifies the kind of transformative solution we seek—addressing critical infrastructure gaps with scalable technology and strong market fit. Our partnership will accelerate their journey toward market leadership in West Africa’s transport sector.”

Leadership Perspectives
Adakple Norbert, Director of IPS-Nada, shared: “Partnering with FasterCapital is a pivotal milestone. Their expertise and resources empower us to expand rapidly, enhance our digital booking platform, and improve service quality. Together, we will redefine urban mobility in Benin, making it safer and more accessible for thousands.”

Scaling for the Future
In the coming months, IPS-Nada plans to increase its fleet size, fully digitalize its reservation system, and launch IPS-Express, a complementary urban delivery service. With a current funding target of $150,000, the company aims to solidify its presence in Benin’s major cities and explore regional expansion. This strategic partnership with FasterCapital is a catalyst for IPS-Nada’s ambition to become the leading urban transport provider in West Africa.

About IPS-Nada
Founded by Norbert Adakple, IPS-Nada is a Benin-based transport startup dedicated to delivering safe, reliable, and affordable urban mobility solutions. Utilizing a fleet of GPS-equipped Toyota Coaster minibuses, IPS-Nada serves commuters across Benin’s northern and southern economic zones, fostering economic growth and social connectivity.

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm specializing in early-stage technology ventures. Through its LaunchUp program, FasterCapital offers startups comprehensive support including mentorship, funding, and access to a worldwide network of investors and partners. The firm has a proven track record of accelerating innovative companies to market leadership. Learn more at www.fastercapital.com.

Media Contact:
Rasha AlMasri
Email: [email protected]
Phone: +1 (512) 400-0256
Website: www.fastercapital.com