Gozem, a leading super app in Francophone Africa, has successfully raised $30 million in a Series B funding round to enhance its vehicle financing and digital banking services. The funding, comprising an equal mix of equity and debt, was led by SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company SA, alongside Al Mada Ventures. This new capital will enable Gozem to expand its financial services, improve accessibility for drivers, and enter new markets across the region.

Expansion and Vehicle Financing Strategy

With the fresh injection of funds, Gozem plans to scale its vehicle financing initiative, providing affordable leasing options to professional drivers. The platform has already facilitated the leasing of nearly 1,500 vehicles through a program launched in partnership with the International Finance Corporation (IFC) in 2022. Looking ahead, Gozem aims to lease over 200,000 vehicles within the next three years, significantly improving driver livelihoods and mobility solutions in West and Central Africa.

A Growing Super App Ecosystem

Launched in 2018 in Togo as a motorcycle ride-hailing service, Gozem has since evolved into a comprehensive super app operating in Togo, Benin, Gabon, and Cameroon. The platform now integrates multiple services, including ride-hailing for motorcycles, tricycles, and cars, as well as food and grocery delivery. By expanding its fintech ecosystem, Gozem is reinforcing its role as a digital enabler, offering financial products such as bill payments, peer-to-peer transfers, and retail purchases.

Strategic Investment and Partnerships

Investor confidence in Gozem's growth strategy is reflected in the participation of major players like MSC Group and Al Mada Ventures. Omar Laalej, Managing Director at Al Mada Ventures, emphasized the importance of Gozem’s inclusive and accessible digital solutions in fostering financial inclusion. These strategic collaborations will further support the company’s expansion plans, facilitating entry into new markets and reinforcing its service offerings across Francophone Africa.

Fintech Expansion and Gozem Money

In line with its broader financial ambitions, Gozem is deepening its presence in the fintech sector through Gozem Money. The company’s acquisition of Moneex, a Beninese electronic payments startup, in 2023 accelerated its push into digital banking. This expansion enables users to conduct seamless financial transactions, including payments within and beyond the Gozem ecosystem, enhancing financial accessibility in underserved regions.

Future Growth and Additional Fundraising Plans

Beyond the current Series B round, Gozem has set its sights on securing an additional $20 million in funding to further strengthen its footprint in Francophone Africa. With a growing user base of over one million and nearly 10,000 registered drivers, the company continues to expand its reach and impact. The latest funding round positions Gozem to drive innovation, empower drivers with financial independence, and cement its status as a key player in Africa’s digital and mobility landscape.

Gozem’s $30 million Series B funding marks a significant milestone in its mission to revolutionize transportation and financial services in Francophone Africa. By leveraging technology and strategic partnerships, the company is enhancing financial inclusion, improving driver accessibility to vehicle ownership, and expanding its service offerings. With ambitious growth plans and a commitment to empowering local communities, Gozem is well-positioned to shape the future of mobility and digital banking across the region.