Lori is a venture-backed, rapidly growing start-up that is building a cutting-edge, tech-driven, logistics services platform that seamlessly coordinates haulage across frontier markets. With a mission to reduce the cost of goods, Lori is tackling a massive issue - $180 billion is spent annually on haulage across Africa, and up to 75% of a product’s cost is due to logistics (compared to 6% in the US).
Lori was recognized as the fastest growing start-up in Africa and won TechCrunch Battlefield Africa. Our tech-enabled and operations-driven marketplace efficiently connects transport to cargo. The system brings transparency to the logistics industry and has significantly improved flexibility, reliability, and cost savings (upwards of 20%). Billions of dollars of cargo move through the Lori platform annually. In November 2020, CNN published a feature article on Lori and how its robust technology will transform African economies and their ability to compete on the global stage.