Nigerian startup FrontEdge, dedicated to aiding African SMEs in cross-border trades, secured $10 million in funding to expand in Nigeria, Kenya, and other African nations.
Founded in 2021 by Moni Alli, FrontEdge specialises in offering working capital solutions and software tools for exporters and importers in emerging markets.
The goal is to empower SMEs by providing the capital and expertise needed for international competitiveness.
Moni Alli, the founder, expressed that FrontEdge addresses challenges faced by business owners in financing exports and lacking support in the export process.
The funding round, led by TLG Capital and including Flexport, aims to support FrontEdge’s mission to enhance opportunities for African SMEs in global trade.
Johnnie Puxley of TLG Capital emphasised the strategic importance of FrontEdge in addressing crucial problems for African traders.
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