Key Developments
Gozem Acquires Beninese Fintech Startup Moneex to Expand Financial Services
Gozem, the leading super app in Francophone Africa, has acquired Beninese fintech startup Moneex in an undisclosed deal.
The acquisition will enable Gozem to expand its financial services offerings and launch a mobile money solution, Gozem Money, in Togo and Benin.
Moneex, founded in 2021, provides multi-currency accounts and payment solutions to businesses and individuals across Francophone West Africa.
Moneex, founded in 2021, provides multi-currency accounts and payment solutions to businesses and individuals across Francophone West Africa.
The company’s expertise in fintech will complement Gozem’s existing transportation, delivery, and logistics services, creating a comprehensive super app that caters to the diverse needs of its users.
“We are excited to welcome Moneex to the Gozem family,” said Martial Konvi, Global Head of Product at Gozem.
“We are excited to welcome Moneex to the Gozem family,” said Martial Konvi, Global Head of Product at Gozem.
“With the addition of the Moneex team, we are poised to accelerate the introduction of our innovative fintech offerings to the market and provide our users with a seamless and integrated experience.”
The acquisition of Moneex marks a significant step in Gozem’s expansion strategy.
The acquisition of Moneex marks a significant step in Gozem’s expansion strategy.
The company plans to leverage Moneex’s technology and expertise to launch Gozem Money in Togo and Benin in the first quarter of 2024.
Gozem Money will offer various payment solutions, including mobile money transfers, bill payments, and airtime top-ups.
Gozem has pioneered the Francophone African market, launching its ride-hailing app in Togo in 2018.
Gozem has pioneered the Francophone African market, launching its ride-hailing app in Togo in 2018.
Since then, the company has expanded its offerings to include delivery and logistics and operates in 13 cities across Togo, Benin, Gabon, and Cameroon. Gozem has over one million registered users and has facilitated over 10 million trips.
The acquisition of Moneex reinforces Gozem’s commitment to providing essential digital services to its users across Africa.
The acquisition of Moneex reinforces Gozem’s commitment to providing essential digital services to its users across Africa.
With its expanded financial services offerings, Gozem is well-positioned to continue to play a leading role in the continent’s digital transformation.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Alma Clinics Secures $2.8 Million in Funding to Expand Nurse-Led Primary Healthcare in South Africa
South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).
June 17, 2024
Google Boosts AI Training in Sub-Saharan Africa with $5.8 Million Investment
Google has announced a $5.8 million initiative to strengthen artificial intelligence (AI) training and skills development in sub-Saharan Africa.
October 29, 2024
Mastercard Africa Growth Fund Invests $27 Million in Africa-Focused Investment Firms Chui Ventures, VestedWorld, and SME Impact Fund
The Mastercard Africa Growth Fund has announced investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund.
December 4, 2023
