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šŸš€ FrontEdge Raises $10M to Fuel African Cross-Border Trade Revolution šŸŒšŸ’°

šŸš€ FrontEdge Raises $10M to Fuel African Cross-Border Trade Revolution šŸŒšŸ’°

#finance
#fintech
#finance
#trade
#investments
#funding
In a groundbreaking move, Lagos-based fintech FrontEdge secures $10 million in a debt and equity seed round, exceeding 70% in debt financing. The funds aim to catalyze the growth of African cross-border trade, addressing the critical financing gap for SMEs in the region. šŸŒšŸ’ø

FrontEdge, founded in 2021, has raised $10 million to revolutionize African cross-border trade. Focused on SME exporters, it provides working capital and software tools to facilitate international transactions. Unlike traditional banks, FrontEdge adopts a transaction-based underwriting approach, offering upfront capital without collateral. The funds will propel the expansion of accessible, high-quality education opportunities in Kenya. FrontEdge's innovative platform has already tripled sales for SME exporters, marking a milestone in reshaping African trade dynamics. šŸš€šŸŒšŸ’”


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