Kobo360

active

Kobo360 Inc (“Kobo360” or the Company) is a tech-enabled long-haul B2B digital platform matching cargo owners with long-haul freight needs and truck owners who can service them, through its internally-developed digital platform.   Founded in 2016, Kobo is headquartered in Lagos, Nigeria and has leased offices in Jibowu (Headquarters) and Costain in Lagos State (South West), Kano State (North) and Oghere Ogun State (South West). Kobo currently has about 400 monthly active drivers on the platform, empanelled about 5,400 trucks and works with more than 400 cargo owners across Nigeria. Drivers are employees of the truck owners, and Kobo does not have any direct employment relationship with the drivers. The company does not own any physical infrastructure such as warehouses or distribution centres or vehicles used for logistics operations. The company has policies that prohibit transportation of products that are hazardous and/or unlawful. The company has policies that prohibit transportation of products that are hazardous and/or unlawful. IFC is considering an equity investment of up to US$ 3 million in Kobo360 Inc (“Kobo”).