FrontEdge raises $10M in debt, equity from TLG, Flexport to facilitate trade for African exporters
- FrontEdge, a Lagos-based fintech, has raised $10 million in debt and equity seed round to enable the growth of African cross-border trade.
- The company provides SME exporters and importers with working capital and software tools needed to facilitate their cross-border and international transactions.
- FrontEdge aims to address the financing gap for SMEs in Africa and has seen success in helping SME exporters triple their sales on the platform.
FrontEdge's innovative approach to addressing the financing gap for SMEs in Africa is commendable. By providing upfront capital and software tools, the company is empowering SME exporters and helping them triple their sales. The success of FrontEdge demonstrates the potential for fintech solutions to drive economic growth and facilitate cross-border trade in Africa.
