Gozem Startup Secures €21 Million Financing from International Finance Corporation
The Gozem startup is in negotiations with the International Finance Corporation (IFC) to secure financing of €21 million, approximately $24.5 million. This funding aims to support its expansion and strengthen its mobility and delivery activities in Africa.
Current Presence and Operations
Gozem is already present in four countries, operating in Benin, Togo, Cameroon, and Congo. The company develops a digital platform that connects transporters and users, with the goal of structuring a market that is still largely informal.
Financing Structure
The proposed financing is structured in several parts:
- A direct loan of €8 million granted by the IFC from its own funds
- A second loan of €8 million to be mobilized through concessional mechanisms related to IDA21, intended for the most fragile countries
- An additional €5 million from other investors
Strategic Context
The operation, announced on April 27, is part of a broader strategy to support digital mobility solutions on the African continent. These platforms are increasingly seen as levers for economic development and inclusion. With this financing, Gozem aims to strengthen its vehicle fleet and extend its operational capabilities in its current markets.
Future Prospects
This financing will enable Gozem to further establish itself as a key player in the African mobility market, promoting economic growth and social inclusion through innovative digital solutions.
