Gozem, a leading super app operating in Francophone Africa, has successfully raised $30 million in Series B funding to strengthen its vehicle financing services and expand its digital banking solutions. This financial boost will help the company extend its reach across the region, providing enhanced economic opportunities for its users.
The funding round, consisting of $15 million in equity and $15 million in debt, was led by key investors, including SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company SA, and Al Mada Ventures. Their investment underscores confidence in Gozem’s vision to empower mobility entrepreneurs and improve financial inclusion in West and Central Africa.
Gozem started in 2018 as a motorcycle-taxi service in Togo. Over time, it has evolved into a multifaceted platform that offers ride-hailing for motorcycles, tricycles, and cars, as well as food and grocery delivery services. Today, it operates in several countries, including Togo, Benin, Gabon, and Cameroon, catering to the growing demand for digital mobility solutions in these markets.
A key focus of this new investment is vehicle financing. By offering affordable financing options, Gozem aims to help more drivers own their vehicles, thereby enhancing their livelihoods and business sustainability. This initiative aligns with the company’s goal of fostering economic empowerment through technology.
Additionally, the funding will accelerate the launch of Gozem Money, the company’s digital banking arm. This platform will offer financial services such as mobile payments, savings, and access to credit, addressing the financial needs of underserved communities in Francophone Africa.
With this latest funding round, Gozem is poised for further expansion, both geographically and in terms of service offerings. The backing from major investors signals a strong commitment to the company’s mission of leveraging technology to provide seamless, secure, and accessible solutions tailored to Africa’s unique market dynamics.
As Gozem continues to grow, its focus remains on driving financial inclusion and enhancing the economic well-being of its users, reinforcing its position as a key player in Africa’s digital transformation.
What sets Gozem apart from the competition is its holistic approach to service delivery. Unlike other ride-hailing and digital banking platforms, Gozem integrates mobility, financial services, and e-commerce within a single app.
This ecosystem enables users to access transport, make digital payments, and secure financing seamlessly. Additionally, Gozem’s commitment to affordability and local market adaptation gives it an edge over competitors that operate with more standardized global models. By tailoring its services to Francophone Africa’s unique socio-economic landscape, Gozem is creating more inclusive opportunities for drivers, merchants, and everyday consumers.
