Liquify Secures £1.1M to Bridge Africa's Trade Finance Gap
Unlocking Africa’s Potential: Liquify Secures £1.1M Seed Round to Bridge the Trade Finance Gap
In an exciting development for startup founders and investors, Liquify has successfully closed an oversubscribed £1.1 million equity seed round, alongside additional debt commitments, aimed at addressing the staggering $120 billion trade finance gap in Africa. This funding round, which included investment from esteemed players like Future Africa, Launch Africa, and Equitable Ventures, exemplifies the growing interest in innovative solutions for fueling growth in Sub-Saharan Africa's SME sector. With a robust strategy and strong backing, Liquify is poised to revolutionize digital invoice financing across the region.
The seed funds will empower Liquify to scale its operations in Ghana by assembling a talented team across product, technology, and customer success divisions, aiming for rapid platform growth.
Additionally, this investment will facilitate Liquify's expansion into Anglophone and Francophone markets, where its innovative "Growth Engine for African Exporters" can bring much-needed resources to more SMEs. By leveraging cutting-edge technology, Liquify is committed to enhancing its AI-driven due diligence and credit-scoring engines, ultimately allowing for invoice funding to occur within hours instead of weeks—turning this financial process into a seamless experience for both SMEs and investors.
As emphasized by Co-founder & CEO Nadya Yaremenko, “We built Liquify to unlock the $120 billion trade-finance gap holding back Africa’s most dynamic SMEs." Since its beta launch in late 2024, Liquify has already facilitated over 150 transactions worth $4 million in trade finance. With this latest funding secured, Liquify is ready to embark on its next chapter—fortifying its technology, expanding its team in Ghana, and scaling operations across Sub-Saharan Africa. For investors seeking opportunities in transformative funding solutions, Liquify presents a unique doorway to tap into a largely untapped market filled with potential.
Key Terms Explained
- Seed Round
- It's an initial round of investment for startup companies. Investors usually offer funds in exchange for an equity share or stake in the startup.
- Trade Finance
- A vast term that refers to financial products, instruments or services companies use to facilitate international trade and commerce. It helps to mitigate the risks associated with doing business internationally.
- Growth Engine for African Exporters
- It's a conceptual term referring to an innovative solution created to drive growth for African SMEs involved in export, typically funded by financiers investing in trade finance.
Frequently Asked Questions
- How much funding has Liquify secured in its recent seed round?-Liquify has secured an oversubscribed £1.1 million in its recent equity seed round.
- What is the primary aim of Liquify's investment?+
- Which investors participated in Liquify's funding round?+
- What is Liquify's role in the SME sector in Sub-Saharan Africa?+
- How much in trade finance transactions has Liquify facilitated since its beta launch in late 2024?+
They've invested in Liquify
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Future Africa | 1 investment(s) investment(s) | more info | |||
2 |  Launch Africa | 1 investment(s) investment(s) | more info | |||
3 |  54 Collective | 1 investment(s) investment(s) | more info | |||
4 |  Digital Africa | 1 investment(s) investment(s) | more info | |||
5 |  Equitable Ventures | 1 investment(s) investment(s) | more info |
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