GoCab Raises $45M in Equity and Debt Financing

GoCab, a London, UK based-provider of a mobility and financial services platform, raised $45M in a financing round consisting of $15M in equity and $30M in debt.

The equity portion was led by E3 Capital and JANNGO Capital, with participation from KawiSafi Ventures and Cur8 Capital. The debt was secured from Cur8 Capital and others. In conjunction with the funding, Vladimir Dugin, Managing Partner at E3 Capital, and Fatoumata Bâ, Founder and Executive Chair of Janngo Capital, are joining the company’s board.

The company intends to use the funds to grow its presence in current African markets, enter new cities, boost the number of electric vehicles in its fleet, and launch AI tools for credit scoring and risk management.

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