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Senegal: PAPS raises USD 4.5 million to accelerate its growth

20/01/2022
Categories: Companies

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With the participation of Saviu Ventures and Uma Ventures and new investors such as Yamaha Motor Co., Ltd, Lofty Capital, Proparco, Google black founder fund, To.org, Kepple Ventures and Enza PAPS carried out a fundraising co-led by Capital4DX VENTURES and ORANGE-SONATEL.

The Senegalese nugget PAPS, specialized in transport and logistics, has just achieved a great feat by announcing that it has mobilized 4.5 million USD, or 2.6 billion FCFA from large groups of investors. This fundraising operation confirms the startup's ambition to accelerate its growth and continue its expansion in Africa and the rest of the world. This fundraising will enable thousands of African companies to use PAPS technology to gain access to global and integrated world-class logistics.

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