FrontEdge

Fintech, Payments, Professional Services

Author

Peniel Keme Kitoko
May 09, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| Africa Thursday

The Growth Partner for African Exporters and Importers.

  Problem

  • Market Potential: In Africa, only 30% of cross-border trades involve banks, hindering SMEs.

  • Challenge: SMEs struggle to access trade finance, inhibiting their ability to engage in international trade.

  • Lacking Tool: Existing platforms fail to provide seamless financial solutions for cross-border transactions.

    • Extra Barriers: Lack of support and financing options add to SME’s challenges in expanding globally.

This issue's Startup equips African SMEs with capital and expertise for international trade.

  Solution

FrontEdge

FrontEdge facilitates African cross-border trade through financing and technology solutions.

How: FrontEdge offers upfront cash, utilizing transaction-based underwriting without collateral.

  • Platform: A modern digital trade finance platform managing financing, logistics, insurance, and cross-border payments.

  • Target: SME exporters and importers in Africa seeking to scale their international operations.

  • Resolving: Bridging working capital gaps, enabling SMEs to fulfill more orders and grow.

  Company Info

  • Industry: Fintech, Payments, Professional Services

  • Business Model: SaaS, B2B

  • HQ: Lagos, Nigeria

  • Founding Year: 2021

  • Employee Count: 1-10

  • Investors: TLG Capital, Flexport

  • Funding Amount: $10 Million

  Traction

  •   Over 50 contracts executed

  •   Expansion plans underway to penetrate markets beyond West Africa

  •   TLG Capital led the recent funding round

  Competition Advantages

  • Offers upfront cash without collateral

  • Seamless platform integration for financing, logistics and payments

  • Focus on SME exporters’ unique needs

  Founders

  • Moni Alli, Founder (Experience at McKinsey & Company and Development Partners International)

  Job Opportunities & Contact

  Why Invest by George

❝

Ooh-ooh-ahh-ahh, FrontEdge helps African traders go bananas over cross-border trade success!

🐵

- George Capuchinski -

  Voices From Our Community (By George: Coming Soon 🍌)

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Cheers,

Peniel Keme Kitoko

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