Nigerian digital trade-finance platform, FrontEdge, has raised US$10m in debt and equity funding to support cross-border trade and expand its operations across Nigeria, Kenya and other African countries. The new capital was provided through a funding round led by TLG Capital and including Flexport.
TLG Capital declared that they are proud to support FrontEdge in its mission to help African SMEs to get access to finance.
FrontEdge founder, Moni Alli, mentioned that SMEs are very important for the development of African economies. He stated that he sees two big challenges for exporters SMEs, lack of finance and support on each stage of the export process, and FrontEdge was created to adress these challenges.
