Nigeria-based invoice financing company Zuvy is revolutionizing the vendor-buyer relationship by providing upfront cash to vendors and offering invoice management software to buyers. Many small businesses, especially those in the FMCG sector, struggle with limited capital tied up in receivables, leading to difficulties in meeting contract agreements. Zuvy addresses this challenge by providing immediate cash to retailers, empowering them to manage cash flow, expand their customer base, and take on new contracts. The company has secured $4.5 million in funding from investors such as TLG Capital, Dunbar Capital, and individual investors, with plans to use the funds to expand its reach and meet the growing demand in Nigeria. Zuvy also offers free invoice and purchase order management software to streamline procurement processes for large businesses. Unlike traditional banks that impose strict requirements and lengthy processes, Zuvy provides convenient access to funds within 24-48 hours. By integrating with WhatsApp, Zuvy enables vendors to generate and dispatch invoices directly to buyers, simplifying the invoicing process and eliminating inefficiencies. The company plans to focus on expanding its presence in Nigeria before venturing into other African countries.

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