Gozem Secures $30M Series B Funding to Accelerate Expansion in Francophone Africa

Gozem will use its new funding to expand further across West and Central Africa, enhance the transport experience by financing more brand-new vehicles for taxi drivers, and accelerate the launch of its innovative digital bank, Gozem Money.

byPC Tech

February 26, 2025

Gozem fleet includes Motorcycle, Tricycle, and Cars. COURTESY PHOTO

Gozem has secured US$30 million in Series B funding, comprising equity and debt, led by SAS Shipping Agencies Services Sarl (a subsidiary of MSC Mediterranean Shipping Company SA) and Al Mada Ventures.

“Gozem is an exceptional company that aligns perfectly with MSC Group’s dedication to Africa and its focus on developing innovative mobility and logistics solutions to boost trade. We are happy to accompany them on their journey and look forward to collaborating in the markets we share across West and Central Africa,” said Diego Aponte, MSC Group President.

Omar Laalej, Managing Director at Al Mada Ventures, said, “As we continue to observe the evolution of the population’s demand towards technology-enabled mobility services, Gozem stands out with its inclusive, reliable, and easy-to-use Super App model. We are excited to back Gozem in their expansion plans.”

The new funding will enable Gozem to expand further across West and Central Africa, enhance the transport experience by financing more brand-new vehicles for taxi drivers, and accelerate the launch of its innovative digital bank, Gozem Money.

Gozem proudly welcomed strategic investors whose expertise and affiliated companies, Africa Global Logistics, Medlog, and many others, will be key in enhancing their logistics and financial services offerings.

“We are thrilled to welcome MSC Group and Al Mada Ventures as strategic investors. Their extensive experience in African logistics and financial services will be invaluable in scaling our Super App and expanding into new markets,” said Gregory Costamagna and Raphael Dana, Co-Founders of Gozem. “Having such industry leaders support Gozem is a strong validation of our vision.”

Since its launch in 2018 as a moto-taxi service, Gozem has expanded across Togo, Benin, Gabon, and Cameroon. Its Super App now integrates diverse services, including ride-hailing (moto, tricycle, and car), food and supermarket delivery, digital ticketing, vehicle financing, and digital banking.