Togo-born Super-app Gets a $30 Million Boost

Gozem, the Togo-born super-app that started as a ride-hailing service in 2018, has just hit a major milestone: a cool $30 million in Series B funding. That’s right—$15 million in equity and another $15 million in debt, courtesy of SAS Shipping Agencies Services and Al Mada Ventures. With this cash injection, Gozem is revving up its engine to expand its vehicle financing and digital banking services across Francophone Africa.

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What makes Gozem stand out in the crowded ride-hailing and vehicle financing space? It’s all about the drivers. Founders Gregory Costamagna and Raphael Dana have built an ecosystem that’s not just about getting people from point A to point B—it’s about helping drivers thrive. Whether it’s motorcycles, three-wheelers, or cars, Gozem’s vehicle financing program lets drivers pay for their rides in bite-sized installments, deducted from their daily earnings. No hefty upfront deposits, no stress—just a smooth ride toward vehicle ownership.

But Gozem isn’t just about wheels—it’s also about meals. The platform lets drivers diversify their income by delivering food and groceries, making it a one-stop shop for earning opportunities. And with partnerships with local banks, international lenders, and even the International Finance Corporation (IFC), Gozem has already financed around 7,000 vehicles. That’s a lot of happy drivers cruising toward financial freedom.

The $30 million funding isn’t just a pat on the back—it’s fuel for Gozem’s ambitious plans. A big chunk of the debt will go toward scaling its vehicle financing vertical, while the company is already eyeing another $20 million to turbocharge its expansion across Francophone Africa over the next two years.

Here’s what it means for you:

1. Gozem’s digital banking services could provide you with easier access to financial tools and services, especially if you’re unbanked or underbanked.
2. Gozem’s success showcases the rise of super-apps in Africa, offering a wide range of services on a single platform.
3. The company’s model demonstrates the growing trend of combining fintech and mobility services.

Source; TechCrunch

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