Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Innovation Hub

Super-app Gozem raises $5M for expansion plans

Article Image
Super-app Gozem has raised $5 million in a Series A round, helping boost plans for expansion and bringing its total raised to date to $12 million.

Launched in Lome, Togo in 2018, Gozem began as a single motorcycle-taxi ride-hailing service and in three years has evolved into a "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 currently operates in 13 cities across Togo, Benin, Gabon and Cameroon with more than 800,000 registered users who have completed over 5 million trips since November 2018.

The company said its investors come from four different continents and have specialties in healthtech, fintech and mobility.

"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.

The main investors of the Series A round were AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO).

Previous investors also include Plug & Play Ventures from the US, Launch Africa Ventures from South Africa, Singapore's Bansea and Swiss company Virtual Network.

Expanding opportunities

Dana spoke to the Connecting Africa Podcast last month and said that there is still a lot of potential in emerging markets for super-apps to triumph, building on the success of companies like Grab and Gojek in Asia.

Gozem's team is now 250 members strong, split between its four active markets and with this latest round of financing, it will prepare its expansion into DRC, Senegal and Ivory Coast.

In addition to geographical expansion, the company said it will continue to deepen its vertical offerings especially in fintech with its lending and digital banking solutions.

"In the first eight 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 three years," added Gozem co-founder Gregory Costamagna.

Related posts:

*Top image is of Gozem motorcycle-taxi drivers. (Source: Gozem).

— Paula Gilbert, Editor, Connecting Africa

Innovation hub

Story

SA's smart city finalists win big for innovation

South Africa's City of Johannesburg's Smart City Office has awarded four innovators R500,000 (US$31,434) for their innovative solutions.

Story

Hot startup of the month: Data science marketplace Zindi

This month's hot startup is social enterprise Zindi, which is a professional network for data science in Africa.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Omdia View: May 2022

By Omdia Analysts

SpaceX-owned Starlink's plans to launch a satellite broadband service in Africa was a major highlight in May 2022, says Omdia's analysts.

Story

Omdia View: April 2022

By Omdia Analysts

This month's Omdia View highlights indicate a shift to digital transformation and operational consolidation to maximize return on investments.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

Flash poll

All polls

Archived webinars

Africa Green ICT: Lighting Up a Sustainable Continent

The ICT industry is the leading industry in the commitment to carbon neutrality, whose focus has shifted from setting ambitious targets to taking initiatives. The push for zero-carbon and for green energy development, it isn't just about CSR – it's also good for sustainable business.

The path to sustainable development requires green energy. Governments are looking at potential policy approaches to make green energy more widely available and affordable. Without sustainable energy, there will be no digital transformation and no chance of making Africa more economically competitive in the post-pandemic era.

Africa Green ICT Webinar 2022 will bring together ICT industry leaders and senior industrial analysts to provide insight, best practices and key learnings on how to achieve zero-carbon targets and practice green development in Africa.

More Webinars

Sponsored video

More videos

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up