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Gozem, a leading super app in Francophone Africa, has successfully raised $30 million in a Series B funding round to accelerate its expansion across West and Central Africa. The investment, comprising equal parts equity and debt, was led by SAS Shipping Agencies Services Sàrl—a subsidiary of MSC Mediterranean Shipping Company SA—and Al Mada Ventures.
Established in Togo in 2018 as a moto-taxi service, Gozem has evolved into a comprehensive platform offering a range of services, including ride-hailing (moto, tricycle, and car), food and supermarket delivery, digital ticketing, vehicle financing, and digital banking. The company currently operates in Benin, Gabon, and Cameroon, aiming to address the diverse needs of users in Francophone Africa.
The newly secured funds are earmarked for several strategic initiatives:
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Geographic Expansion: Gozem plans to extend its footprint into new markets within West and Central Africa, including countries like Congo-Brazzaville, Senegal, and Côte d’Ivoire.
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Vehicle Financing: A portion of the funds will be utilized to finance new vehicles for drivers, enhancing the quality and reliability of its transport services.
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Digital Banking Launch: The company is set to accelerate the rollout of its digital banking platform, Gozem Money, aiming to provide accessible and affordable financial services to individuals and businesses in the region.
Diego Aponte, President of MSC Group, expressed enthusiasm about the investment, stating, “Gozem is an exceptional company that aligns perfectly with MSC Group’s dedication to Africa and its focus on developing innovative mobility and logistics solutions to boost trade.”
With this substantial investment, Gozem is poised to solidify its position as a key player in Africa’s evolving tech landscape, driving both economic growth and digital transformation across the region.
Read more on Tech Gist Africa:
Affinity Africa, a Ghanaian fintech startup, has raised $8 million in seed funding
Raenest, a Nigerian fintech startup has raised $11 million in Series A funding
Oze, a Ghanaian fintech startup has secured an undisclosed amount of funding
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