Gozem nets $30M to expand vehicle financing, digital banking in Francophone Africa
TechCrunch | Tage Kene-Okafor - Feb 26, 2025
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  • Gozem raised $30 million in a Series B funding round, consisting of $15 million in equity and $15 million in debt.
  • The company plans to use the funds to strengthen its vehicle financing service and expand into new markets.
  • Gozem's ride-hailing service includes motorcycles, three-wheelers, and cars, with a focus on driver financial security.
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Gozem's approach to integrating diverse services into a super app model appears promising, especially given its focus on driver empowerment and financial security. However, the challenges faced by similar platforms in sub-Saharan Africa highlight the need for careful execution and market understanding to ensure sustained growth and success.
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