GoCab raises $45m to scale Shariah-compliant financing in Africa
London-based mobility and financial services platform GoCab has secured $45 million in new financing — including $15 million in equity and $30 million in debt — to support its expansion across African markets and develop its Shariah-compliant vehicle financing model.
The equity round was led by E3 Capital and JANNGO Capital, with participation from KawiSafi Ventures and Cur8 Capital, while Cur8 Capital and other lenders provided the debt financing. As part of the transaction, Vladimir Dugin of E3 Capital and Fatoumata Bâ of Janngo Capital will join GoCab’s board, reflecting investor support for the company’s growth strategy.
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Muhammad Ali Bandial