Kobo360
“Can a digital freight marketplace unlock African logistics by embedding working capital and insurance directly into the driver workflow?”
Founded2017
HQLagos, Nigeria
FoundersObi Ozor, Ife Oyedele II
Total raised$164.4M
Latest roundDebt
IndustryMarketplace / Logistics
The story
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.
Last 12 months
Product timeline
2017
Launched in Lagos as an Uber-like marketplace connecting cargo owners with truck drivers· launch
2018
Joined Y Combinator and raised $1.2M pre-seed· funding
2019
Raised $30M Series A led by Goldman Sachs; launched KoPay (driver working capital), KoboSafe (insurance) and KoboCare· lending
2024
CEO Ciku Mugambi resigned after one year· leadership
The stack
2 layers disclosed in Kobo360’s embedded-finance stack
Lending
KoPay (in-house)KoPay driver working capital finance
Insurance
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.