Africa's SuperApp Gozem Goes Fintech With Acquisition of Benin

Africa’s SuperApp Gozem Goes Fintech With Acquisition of Benin

by Fintechnews Africa
10 November 2023

Gozem, Africa’s Super App, announced its acquisition of Moneex, an innovative Fintech app from Benin dedicated to provide global banking to African businesses and consumers.

This transaction combines the strength of Gozem’s Super App network with the breadth of Moneex’s fintech capabilities, creating an unparalleled Fintech starting point for the Gozem Group.

Founded in 2021 in Cotonou (back then Known as Kryptonite Africa), Moneex was first dedicated to facilitating remittance between Europe and Benin using cryptocurrencies. But very quickly, the company pivoted in 2022 to become Moneex after identifying the bigger problem of African businesses and individuals not having access to global banking services. From then it has also broadened its market focus on francophone West African countries and providing multi-currency accounts to businesses and individuals within that same region.

Founded in 2018, Gozem initially focused on transportation via motorcycles, tuk-tuks, and car taxis as the first ride-hailing app in Togo, but has since expanded to offer a variety of services, including delivery & logistics, in a single, multi-vertical Super App.

Thanks to the Moneex’s acquisition, Gozem will broaden its fintech offerings in Togo and Benin at start, to add in Q1 the new “Gozem Money” capabilities for a wide range of payments solutions and value-added user experience.

Jean-Martial Moulau

“We are pleased to welcome Moneex to the Gozem family, bringing talented entrepreneurs has always been extremely valuable in our ability to innovate. With a lot of excitement the new fintech chapter of Gozem is officially open”

says Jean-Martial Moulaud, Group Director of Gozem.

Florent Ogoutchoro

“We are thrilled to be joining Gozem, a company that shares our vision for a more inclusive and innovative financial future in Africa. Our fintech expertise and Gozem’s reach and resources will allow us to accelerate our mission of making better financial services accessible to everyone.”

adds Florent Ogoutchoro, Co-Founder and CEO of Moneex.

With the acquisition of Moneex, Gozem furthers its commitment to offering a robust suite of Super App services that respond to the everyday needs of its customers across African markets — from transportation to meal delivery and soon payments and wallets capabilities.

Featured image credit: Gozem