Gozem, a leading super app in Francophone Africa, has raised $30 million in Series B funding to enhance its vehicle financing and digital banking services.
The investment, a combination of equity and debt, was led by SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company SA, and Al Mada Ventures.
The funds will enable Gozem to provide more affordable vehicle financing options to drivers, facilitating ownership and improving livelihoods.
The company plans to expand into new markets and strengthen its fintech ecosystem. Gozem’s super app offers a range of services, including ride-hailing, food and grocery deliveries, bill payments, and peer-to-peer money transfers.
This investment follows Gozem’s 2023 acquisition of Moneex, a Beninese fintech startup, and its 2022 partnership with the International Finance Corporation (IFC) to provide affordable vehicle financing in Togo and Benin. The recent funding round underscores investor confidence in Gozem’s mission and growth trajectory.
There is a lot to expect as Gozem continues to expand its services and geographic footprint. It remains focused on leveraging technology to provide simple, safe, and reliable solutions tailored to the unique challenges of the African market.
