The Sponsor

Gozem is a technology-driven platform operating in West and Central Africa, offering a SuperApp ecosystem that integrates various accessible services to drivers and customers from ride-hailing, delivery, to vehicle financing and mobile money. Since the initial launch in Togo in 2018, Gozem has expanded to Benin, Cameroon, Gabon, Republic of Congo (altogether Existing Markets), with potential plans to enter new markets.

Gozem is financed by private investors, foundations, and venture capital funds. Gozem is owned by its co-founders Gregory Costamagna and Raphael Dana (together 33% through Reengine Ventures), and key investors including MSC (17%) and Al Mada Ventures (9%). The rest of the investors each hold less than 3% of Gozem's total shares.

The Borrower

Gozem Financing is the vehicle financing platform wholly owned by Gozem. GF focuses since 2022      on empowering drivers by providing access to affordable vehicle financing that they would hardly have access to through local banks or informal lending. GF offers financing solutions through installment plans for motorbikes, tricycles, cars, and smart phones (for the SuperApp).

The proposed IFC investment is up to EUR[21] million, consisting of (1) an IFC A loan of EUR[8] million; (2) a subordinated concessional loan of EUR[8] million from IFC C Loan; (3) a senior loan of EUR[5] million from a parallel lender; and (4) client risk management products (i.e. interest rate swaps).

The Project's total cost during deployment period is estimated at EUR36.7 million. The majority of the financing is used for vehicle deployment.

 Gozem Financing is registered in Singapore, with its existing operations across Benin, Cameroon, Republic of Congo, Gabon, and Togo, with Gabon excluded from the Project's scope.