Industry: mobility fintech
Sentiment: Positive
Total Articles: 3
Last Article: 2025-03-29 14:00:00+00:00
The African startup ecosystem experienced mixed results in 2024, with funding returning to pre-pandemic levels but facing challenges due to global VC tightening. While some well-funded startups closed down, others pivoted or thrived, highlighting the dual realities of challenges and resilient adaptations in the post-boom tech landscape.
Gozem, a super app offering ride-hailing, commerce, vehicle financing, and digital banking in West Africa, has raised $30 million in Series B funding. The company plans to use the funds to bolster its vehicle financing service and expand into new markets across Francophone Africa.
Moove, an Africa-born mobility fintech, has acquired Kovi, a Brazilian urban mobility provider, in an all-share transaction. The deal increases Moove's annual revenue to $275 million and strengthens its position in the Latin American market.