Nigerian trade finance startup FrontEdge secures $10m funding to scale operations
- FrontEdge has raised $10 million in debt and equity funding to scale operations across Nigeria, Kenya, and other African countries.
- The startup specializes in providing working capital solutions and software tools for exporters and importers in emerging markets.
- FrontEdge aims to facilitate the growth of African cross-border trade by providing SME exporters and importers with the capital and expertise to reach scale and be competitive on the international stage.
The funding raised by FrontEdge is a positive development for African SMEs engaged in cross-border trade. By providing working capital solutions and software tools, FrontEdge aims to empower SME exporters and importers to compete on the international stage. The support from TLG Capital and Flexport further validates the importance of addressing the challenges faced by African traders in accessing finance and support for their exports.
