AAIC, Thunes (TransferTo), Momentum Ventures, Innoport Ventures, CMC Ventures, and Liil Ventures participated in a $5 million Series A round for Gozem, a francophone Africa super app that combines different services like transportation, e-commerce, and financial services. To date, the firm has raised a total of $12 million.
Gozem began as a motorcycle-taxi ride-hailing business in 2017, founded by Gregory Costamagna, Raphael Dana, and Emeka Ajene. After three years, it has evolved into a francophone Africa mega app with a range of services including passenger and cargo transportation, e-commerce and food delivery, financing, and, shortly, digital banking.
The app is currently operational in countries such as Togo, Benin, Burkina Faso, Cameroon, Ivory Coast, Gabon, Mali, and Senegal
“We are ecstatic to have attracted international investors who share our aim of creating digital ecosystems.” Gozem Co-Founder Raphael Dana stated, “This latest round of financing will be essential in helping Gozem build more services in its Super App and grow regionally.”
“Gozem has been able to lease close to 1,500 automobiles to drivers in the first eight months of operations of our vehicle leasing program.” “With this round of funding, we will be able to accelerate our efforts to provide drivers with simple and reasonable financing solutions, and lease more than 200,000 vehicles in the next three years,” Gozem Co-Founder Gregory Costamagna stated.
The Series A funding will be used to grow into other Francophone African countries, such as the Democratic Republic of the Congo, Senegal, and the Ivory Coast. While offering its financial services, the corporation is also trying to strengthen its asset financing approach.