Gozem Secures $30M Funding to Scale Transport & Digital Banking in Africa

Gregory Costamagna, Gozem Co-Founder & Co-CEO

West African super app Gozem has raised $30 million in Series B funding to drive its expansion and enhance digital services across Francophone Africa.

The investment, comprising equity and debt, was led by SAS Shipping Agencies Services Sàrl and Al Mada Ventures.

Founded in Togo in 2018 as a moto-taxi service, Gozem has grown into a multi-service platform, operating in Benin, Gabon, and Cameroon.

Over time, it has evolved into a super app, integrating ride-hailing, food and supermarket delivery, digital ticketing, vehicle financing, and digital banking services.

With this fresh capital injection, Gozem aims to accelerate its footprint across West and Central Africa.

The funding will also enable the company to enhance its transport services by financing more new vehicles for taxi drivers and fast-tracking the rollout of its digital banking platform, Gozem Money.

The company’s co-founders, Gregory Costamagna and Raphael Dana, welcomed the new investors, emphasizing the strategic value of their expertise.

“We are excited to have MSC Group and Al Mada Ventures on board. Their deep knowledge of African logistics and financial services will be instrumental in scaling our super app and entering new markets. Their support reinforces our vision for the future of digital services in the region,” they stated.

MSC Group President Diego Aponte highlighted Gozem’s alignment with the group’s vision for Africa, noting:

“Gozem is a remarkable company that shares our commitment to developing innovative mobility and logistics solutions to enhance trade in Africa. We are pleased to support them and look forward to future collaborations across West and Central Africa.”

With this funding, Gozem is set to strengthen its digital ecosystem, improve transportation infrastructure, and introduce more financial services, reinforcing its position as a key player in Africa’s evolving tech landscape.

Source: Empower Africa