Ghanaian Fintech Liquify Secures $1.5M to Revolutionize Trade Finance for African Exporters
Ghanaian fintech startup Liquify has just announced a significant milestone, securing $1.5 million in seed funding, along with additional debt financing. This investment signals a strong vote of confidence in Liquify’s mission to revolutionize trade finance, particularly for small and medium-sized enterprises (SMEs) across the African continent. The platform aims to address the substantial trade finance gap that currently hinders the growth of African businesses by digitizing and streamlining access to crucial financial services.
Bridging the Trade Finance Gap with AI-Powered Solutions
The investment round, led by Future Africa and including participation from Launch Africa, 54 Collective, Digital Africa, and others, will fuel Liquify’s expansion and development of its AI-driven invoice financing platform. This innovative platform is designed to empower African exporters by converting unpaid invoices into immediate cash flow, a critical factor for SMEs that often struggle with long payment cycles. Impact lender Emerald Africa has provided a debt facility, further enhancing Liquify’s ability to provide liquidity to its clients. The trade finance gap in Africa is estimated at a staggering $120 billion annually, a figure that disproportionately impacts SMEs. Liquify’s platform offers a technologically advanced solution, automating essential processes like onboarding, KYC/AML checks, and credit scoring, which significantly speeds up access to funding. Liquify’s initial success is evident in its beta performance: since late 2024, the platform has already processed over 150 transactions, totaling $4 million. Its primary client base comprises SME exporters in Ghana and Kenya, facilitating trade with buyers in lucrative markets like Europe and North America.
In conclusion, Liquify’s successful funding round represents a vital step forward in fostering economic growth within Africa. By leveraging technology to address the pressing trade finance needs of African exporters, Liquify is well-positioned to play a crucial role in unlocking the continent’s vast economic potential. The startup’s innovative approach to trade finance provides a valuable model for other African fintechs aiming to reshape the financial landscape and empower local businesses.
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