Lori Systems, a Nairobi, Kenya-based e-logistics company digitizing haulage and providing shippers with solutions to efficiently manage their cargo and transporters, received an investment from Google.
The amount of the deal was not disclosed. This investment is the third from Google’s $50 Million Africa Investment Fund, which CEO Sundar Pichai announced in October 2021. It comes off the back of the launch of Google’s first product development center on the continent, in Nairobi, Kenya, the city where the company first launched.
Led by CEO Uche Ogboi, and Jean-Claude Homawoo, Co-founder & CPO, Lori Systems is an e-logistics company digitizing haulage and providing shippers with solutions to efficiently manage their cargo and transporter. The company has helped thousands of shippers and carriers move over $10B of cargo across the continent since its founding in 2017. Lori has improved logistics transparency, flexibility, reliability and costs across 13 countries in Africa, and has plans to continue expansion to frontier markets across the continent and beyond.
FinSMEs
16/08/2022