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Liquify raises $1.5 million in an oversubscribed seed round led by Future Africa to enhance trade finance for African SMEs.

Jul 01, 202518 days ago

Amount Raised

$1.5 Million

Round Type

seed

AccraFintechFinance

Investors

Emerald AfricaEquitable VenturesDigital Africa54 CollectiveLaunch AfricaFuture Africa

Description

Liquify, a Ghanaian fintech startup, has successfully raised $1.5 million in a seed equity round. This funding is aimed at modernizing trade finance for African SMEs while addressing a significant financing gap. The round was led by Future Africa with contributions from several investors. Liquify's platform allows exporters to convert unpaid invoices into immediate working capital.

Company Information

Company

Liquify

Location

Accra, Greater Accra Region, Ghana

About

Liquify is a fintech startup based in Ghana, focused on modernizing trade finance for African small and medium-sized enterprises (SMEs). The company offers a digital platform that enables African exporters to convert unpaid invoices into immediate working capital. Liquify's solution leverages technology to streamline cumbersome trade finance processes, significantly reducing time and cost for SMEs. Since its beta launch in late 2024, the platform has facilitated over 150 transactions totaling more than $4 million.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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