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Gozem acquires Benin startup Moneex for its fintech expansion

Gozem, Africa’s Super App, today announces 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 (https://moneex.africa) 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.

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Thanks to the Moneex’s acquisition, Gozem will broaden its fintech offerings in Togo and Benin at start, to add in Q1 2024 the new “Gozem Money” capabilities for a wide range of payments solutions and value-added user experience.

“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.

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“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.” , says Florent Ogoutchoro, Co-Founder and CEO of Moneex.

“Expanding our financial services through the Gozem Money solution represents the next frontier in our ongoing commitment to delivering essential digital services to our users across Africa. With the addition of the Moneex Team to our ranks, we are poised to accelerate the introduction of our innovative fintech offerings to the market.” says Martial Konvi, Global Head of Products at Gozem.

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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.

Gozem is Francophone Africa’s leading Super App and provides a suite of mobility, ecommerce, and financial services to consumers, drivers and retailers. Gozem currently operates in 13 cities across Togo, Benin, Gabon, and Cameroon with more than 1 million registered users that have completed 20 million trips since their launch in November 2018.

Moneex is a Benin based fintech company founded in 2021 by Florent Ogoutchoro and Henry Ukoha with the mission of providing Global Banking services to businesses and consumers in Africa. The company started as Kryptonite Africa, a crypto-powered remittance platform before the founders decided to bridge the banking gap between African businesses and the rest of the world. With its new brand identity the company has expanded its offerings with new features like multi currency accounts, foreign exchange and money transfer between Africa and the rest of the world and within Africa. Before this acquisition, Moneex had successfully raised an angel round and was planning to launch a new version of its product in Togo, Ivory Coast and Senegal.

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James Musoba
James Musoba
Studying Africa's startup and technology scene. I always look forward to discovering new exciting inventions and vibrant entrepreneurs.

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