Topship vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Nigerian cross-border trade logistics platform for African businesses to import/export with customs clearance; $3.3M from YC and Flexport with 50% MoM revenue growth.
About
Topship is a Lagos-based logistics platform building an operating system for African cross-border trade — enabling Nigerian and African businesses to seamlessly import and export parcels and cargo worldwide through a digital freight management platform that handles booking, tracking, customs clearance, shipping insurance, and trade financing across air and ocean freight. Backed by Y Combinator, Flexport, and other investors with $3.3 million raised, Topship has achieved approximately 50% month-over-month revenue growth since early 2022, generating revenue through shipping insurance premiums, transaction margins, trade financing fees, and customs clearance services.
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
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