Togo’s Gozem Secures $5 Million Series A Funding For Expansion.

Gozem, Togo's leading multi-vertical super app platform, has today announced the completion of a $5 million Series A round.

Gozem, Togo’s leading multi-vertical super app platform, has today announced the completion of a $5 million Series A round.

Togo’s leading multi-vertical super app platform, Gozem, has today announced the completion of a $5 million Series A round led by corporate and institutional investors from four continents with expertise in health tech, fintech, and mobility.

AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express), and Liil Ventures are among the round’s primary investors (Mobility ADO).

This funding round comes on the heels of a $7 million seed round led by Plug & Play Ventures (USA), Launch Africa Ventures (South Africa), Bansea (Singapore), Virtual Network (Switzerland), and others. Gozem has raised a total of $12 million to date, including today’s Series A.

We are excited and delighted to have attracted global investors that share our common vision of building digital ecosystems. This latest round of financing will be instrumental in helping Gozem develop more services in its Super App and expand geographically,” said Gozem Co-Founder Raphael Dana.

Launched in Lomé, Togo in 2018, Gozem began as a single motorcycle-taxi ride-hailing service and in three years has become Francophone Africa’s leading Super App with a portfolio of services that includes transport of passengers and goods, e-commerce and food delivery, financing, and soon digital banking.

Gozem’s team is now 250 members strong, split between its four active markets: Togo, Benin, Gabon, and Cameroon. With this latest round of financing, Gozem will prepare its expansion into DRC, Senegal and Ivory Coast. In addition to geographical expansion, Gozem will continue to deepen its vertical offerings, especially in Fintech with its Lending and Digital Banking solutions that will help Gozem fulfill its goal of empowering local communities.

In the first 8 months of operations of our Vehicle Leasing program, Gozem has been able to lease close to 1,500 vehicles to drivers. This round of investment will help us accelerate this effort of providing easy and affordable financing solutions to drivers and lease more than 200,000 vehicles in the next 3 years,” said Gozem Co-Founder Gregory Costamagna.

Gozem’s strategic investors will be instrumental in helping Gozem deepen its expertise in each of its business verticals.

The TransferTo group is excited to participate in the Gozem adventure, to support its needs and bring them its expertise and knowledge of African markets. Gozem’s Super App will soon provide various mobility and digital payment services to millions of users, which will help position them as a leader in Francophone Africa,” said Allan Green, Chairman of TransferTo.

We’re excited to see so many mobility players joining us in this round to help Gozem deploy more mobility features and explore various mass transit opportunities,” said Nadim Matuk, Investment Principal at Liil Ventures.

About Gozem

Gozem is Africa’s Super App. The app, available on Android and iOS, provides a suite of transport, e-commerce, and financial services to consumers and service providers in Francophone sub-Saharan Africa. Gozem currently operates in 13 cities across Togo, Benin, Gabon, and Cameroon with more than 800,000 registered users that have completed more than 5 million trips since their
launch in November 2018.

Award-winning Ghanaian technology blogger, Mac-Jordan shares insights and stories on African innovations, digital marketing, startups, tech entrepreneurs and helpful tips for starter entrepreneurs. Get in touch: mj@macjordangh.com or text: +233(0)544335582.

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