Africa: Africa Roundup – Goldman Backs Kobo360, Rwanda Commits to Evs, Interswitch IPO Update

Nigerian freight logistics startup Kobo360 raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks.

The company — with an Uber-like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to 10 new countries beyond current operating markets of Nigeria, Togo, Ghana and Kenya.

Source

[uam_ad id="49333"]

Author: skvaller

Leave a Reply

Your email address will not be published. Required fields are marked *