GoCab is a London-based mobility and financial services company that combines ride-hailing, vehicle financing, and embedded fintech tools on a single platform. Its core product lets drivers and couriers acquire electric or traditional vehicles via Shariah-compliant, ethical financing structures, integrating repayment with their earnings. The company currently operates in five African countries, employs 120 people, and reports more than $17 million in annual recurring revenue while serving thousands of drivers. Management plans to expand into additional cities, increase the share of electric vehicles in its fleet, and roll out AI-powered credit-scoring and risk-management tools. The platform’s focus on ownership over rental aims to improve driver economics and loyalty. By linking mobility services with financial products, GoCab positions itself at the intersection of transportation and inclusive finance. The recent funding round strengthens its balance sheet with both growth equity and debt capacity to scale operations.

Total raised

$45M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2026