Paps is present in Senegal, Ivory Coast and Benin, and has around 80 employees.Giving a complete range of services from import/export to last mile to top enterprises and international e-commerce
Current Status
the company plans to exceed 5 million euros in turnover in 2024 (+60% expected this year), with an average annual growth rate of 50% over the last 5 years.A proven economic model: a gross margin of 40% (a rare thing in this sector) and the achievement of profitability last quarter.
Problem or Opportunity
In Africa, logistics is missing when you get to the boarders with no adresses, no infrastructure and a very fragmented offer. Businesses and e commerce actifes are forged to build their own solution and most of time loosing themself in another business .
Solution (product or service)
We are building a strong digital infrastructure that consolidate all the existing and building flexible offers so business can focus on their core, and rely on our solutions to scale in the region.
Business model
High-performance and proprietary technology with three key modules: a web platform for customer requests, a dashboard for operational teams, and a mobile application for drivers.
Partnerships with world leaders in logistics.
An "asset-light" model: a model that improves operational efficiency, ensures flexibility in processing missions and reduces capital expenditure.
A robust customer base: a low churn rate (close to 0 for the top 10 customers) and high recurrence (70%) thanks to long-term contracts.
