“Can a digital freight marketplace unlock African logistics by embedding working capital and insurance directly into the driver workflow?”
Kobo360 launched in 2017 as a digital freight marketplace connecting African cargo owners with truck drivers. After Series A in 2019, the company built embedded driver-financing products (KoPay working capital, KoboSafe insurance, KoboCare) to serve its supply-side MSMEs — recognising that access to finance, not just matching, is the binding constraint in African logistics. The company has since focused on sustainable growth across Nigeria, Ghana, Kenya, Togo, Burkina Faso and Côte d'Ivoire, with recent turbulence including CEO turnover in 2024.
Kobo360's lending and capital products are provided by KoPay (in-house).
Kobo360's embedded insurance is provided by KoboSafe (in-house).
The Embedded Finance Index 2026 maps 2 layers in Kobo360's stack: Lending (KoPay (in-house) and KoPay driver working capital finance); Insurance (KoboSafe (in-house)).
Kobo360 was founded by Obi Ozor and Ife Oyedele II and is founded in 2017, headquartered in Lagos, Nigeria.
Kobo360 has raised $164.4M in total (latest round: Debt).
Get a read on where your own stack stands against Kobo360 and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.