TradeDepot, a B2B e-Commerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi) and MSA Capital. This was in addition to the $3 million that it raised in 2018.
The firm disclosed that it would use the new investment to continue its integration of the fragmented informal retail supply chain in Nigeria, expand into other African cities and launch a suite of financial products and credit facilities to support its retailers. The company has also tripled its volume of trade in the last 12 months…
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