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$300k

Valuation: $22.5m

Late VC
Total Funding000k
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Paps, established in 2016 by Bamba Lo, operates as a logistics and delivery company with a strong focus on the African market. The company provides end-to-end logistics solutions, addressing the challenges of last-mile delivery in a region with infrastructure and addressing system complexities. Bamba Lo's background in finance and his experience with the difficulties of shipping goods to Senegal inspired the creation of Paps. He identified a critical gap in the market for a reliable, technology-driven logistics provider, which led to the company's founding.

The firm serves a diverse clientele, including businesses, e-commerce merchants, and individuals, offering a range of services from package pickup and warehousing to final delivery. Paps' business model incorporates technology to manage and track shipments, offering features such as immediate or scheduled pickups, secure storage, and real-time visibility for its clients. Revenue is generated through fees for its various logistics services, which include last-mile delivery, international shipping, and specialized services like cash-on-delivery management and the provision of dedicated couriers. The company's platform integrates with client systems, aiming to streamline the entire logistics process from warehousing to the final customer.

Paps has expanded its operations beyond its home base in Senegal to include other West African countries such as Ivory Coast, Benin, and Togo. The company has successfully raised funds to fuel this expansion, including a $4.5 million pre-Series A round in 2022, co-led by 4DX Ventures and Orange. This funding is intended to further develop its technology and extend its geographic reach across the continent. The company positions itself as a key enabler for commerce in Africa by providing the essential infrastructure for businesses to reach their customers efficiently.

Keywords: logistics, last-mile delivery, e-commerce, fulfillment, warehousing, supply chain, Africa, delivery services, freight, shipping

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