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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. These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. The continent is also home to more than 1.2
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.
.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.
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. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco.
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.
“We have had to bundle services and financing. In some ways, SunCulture just extends that model to agricultural applications. The Sun Exchange raises $3M for crypto-driven solar power in Africa. The reason this particularly works is because our customers are increasing their incomes four or five times,” said Ibrahim.
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