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business

Kobo360 raises US$ 30M, sets its sights on the $1.3 trillion intra-African trade opportunity

techcabal.com/2019/0...

submitted over 5 years ago by nijin

Kobo360 raises US$ 30M, sets its sights on the $1.3 trillion intra-African trade opportunity

submitted over 5 years ago by nijin

Kobo360 raises US$ 30M, sets its sights on the $1.3 trillion intra-African trade opportunity
  • Kobo360, a logistics startup, recently secured $30 million in funding, with $20 million from Series A funding led by Goldman Sachs and $10 million from Nigerian commercial banks.
  • The company plans to expand its services to more African countries and add 25,000 drivers to its platform to take advantage of the African Continental Free Trade Agreement (AfCFTA) and the growing demand for efficient cargo deliveries in the region.
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