Gozem App Expands Operations Across West and Central Africa with Series A funding

Gozem App Expands Operations Across West and Central Africa with Series A funding

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On-demand transportation, delivery, and cashless payment solutions app, Gozem has raised Series A funding from new investors and has planned to expand to the West and Central Africa.

What is Gozem App?

Gozem, a multi-service app that provides a host of services including transport, e-commerce, and financial services in Francophone Africa.

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

Gozem Services

How does Gozem serve?

Gozem takes care of her customers’ transport & delivery needs. No more time and energy spent in vain searching for a trustworthy driver at a fair price. Gozem has three core being Simple approach, Safe transactions, and Reliable service.

About Gozem Series A Funding

West and Central Africa’s leading multi-vertical super app platform Gozem has taken the expansion of its operations to the next level buoyed by the closing of a $5 million Series A round raised from corporate and institutional investors spread across four continents with specialties in health tech, fintech, and mobility.

In this round, Gozem attracted worthy investors such as AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express), and Liil Ventures (Mobility ADO).

This round follows a $7 million raised in previous seed rounds from investors such as Plug & Play Ventures (USA), Launch Africa Ventures (South Africa), Bansea (Singapore), Virtual Network (Switzerland), and others. Including today’s Series A, Gozem has raised a total of $12 million to date.

Gozem Riders
Gozem Riders

What the Founders have to say about their new funding

“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.

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.

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