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Gozem , a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service.
Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2 Tola Onayemi (CEO, Norebase).
million in seed funding. Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. Merchants on the platform range from e-commerce platforms and digital public services to insurance companies and schools. CinetPay team.
It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches. ” In Nigeria, over 42 million adults who live in rural areas lack basic banking services. .” The founders built Yep!’s
Autochek said it will tap CoinAfrique’s regional customer base in Francophone Africa to accelerate its car financing services. Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands.
WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. The Maghreb market is new territory for MaxAB and the acquisition positions it as the most funded and largest B2B e-commerce platform for retailers and suppliers.
In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts. But they can now access more services, for example, the startup’s prepaid card — issued by Mastercard — for corporate expense management. Our sense or strategy with the cards is to provide a full range of service.
The company also just closed on $14 million in funding to expand its business across Africa. It was at a time when a lot of development financiers were funding the nexus between agriculture and energy,” said Ibrahim. “We have had to bundle services and financing.
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