A ride-hailing platform that has expanded into vehicle financing, securing significant investment in the mobility-fintech subsector.
Same deals, $102 million less cash: Africa’s logistics and transport funding in Q1 2025
Thirteen logistics and mobility startups raised funding in Q1 2025, matching the number of deals from Q1 2024. Total funding for these startups plummeted to $44.9 million, a 69% decrease from the previous year's $146 million.
Female-led ventures get just 2% as Africa’s startup funding dips in March 2025
African startups raised only $50 million in March 2025, the lowest monthly total since late 2020. Funding in March represents an 82.7% decrease from the $289 million raised in January 2025.
Strong Start to 2025: February Deals Show Resilience in Fintech and Logistics Sectors
The number of $100k+ deals announced in February 2025 fell to 38, the lowest for any February since 2021. The total amount raised in February 2025 was $119m, the lowest for any February since 2019.
Gozem nets $30M to expand vehicle financing, digital banking in Francophone Africa
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.
