FrontEdge, a Nigerian trade finance startup, raises $10 million in funding for operational expansion.


Nigerian trade finance startup FrontEdge, specializing in supporting cross-border trades for African SMEs, has secured $10 million in a combination of debt and equity funding. The funding round, led by TLG Capital and featuring participation from Flexport, aims to enable the company to expand its operations in Nigeria, Kenya, and other African nations. Founded in 2021 by Moni Alli, FrontEdge focuses on providing working capital solutions and software tools to exporters and importers in emerging markets, with the goal of fostering the growth of cross-border trade in Africa. The platform addresses challenges faced by SMEs in financing exports and navigating the export process, offering a technology-driven solution. Moni Alli, the founder, expressed the company’s commitment to supporting small and medium-sized African businesses in seizing opportunities in the global market. TLG Capital sees FrontEdge as strategically positioned to address crucial issues hindering African traders from effectively participating in global trade.

Source: Disrupt Africa