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...
Mastercard and Diamond Trust Bank (DTB) Partner to Enhance Digital Payments in East Africa
Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.
November 6, 2024
South African Solar Startup Wetility Raises $48 Million For Expansion
Wetility, a South African startup that offers solar energy solutions for households and businesses, has raised R903 million (~$48 million) in debt and equity.
September 10, 2023
Adenia Partners Secures $470 Million for Largest Africa-Focused Fund
Adenia Partners, a Mauritius-based private equity firm specializing in African investments, has announced the successful closing of its fifth and largest Africa-focused fund, the Adenia Africa Fund, at $470 million.
April 8, 2024