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Nigeria’s Oneport 365 Lands $5M To Digitize Freight Management In Africa

Apr 28, 2022•over 3 years ago

Amount Raised

$5 Million

Financial ServicesSoftware

Description

The global maritime industry oversees the movement and handling of over 800 million containers in various ports worldwide. Africa controls about 12% of this volume, with its clearing and forwarding market standing at almost $4 billion.

Company Information

Company

One Port 365

About

And in a new development, the three-year-old startup confirmed to TechCrunch that it has raised $5 million in seed funding. It is building an operating system for cross-border trade in Africa, helping traders to manage their freight forwarding processes and enabling other value-added services, the company said in a statement. The new funding will look into how the company can improve its efficiency and lower cross-border trading overhead across the continent. The company plans to use the funding to add more people and expand to “three major hubs” across the continent before Q4 2022.