AFEX - About the company
AFEX is a seed company based in Abuja (Nigeria), founded in 2014. It operates as a Commodity trading platform for individuals. AFEX has raised $26.5M in funding from British International Investment.
Company Details
Commodity trading platform for individuals. Regional commodity exchange that connects smallholder farmers to agricultural and financial markets. Provides solutions in trading, financing, and market system development. Delivers trading experience for both retail and institutional clients, enabling traders to focus on their strategies rather than their tools. Application is made available on Android and iOS platforms.
- Website
- africaexchange.com
- Social
- Email ID
- *****@afexnigeria.com
- Phone Number
- +234 **********
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AFEX's funding and investors
AFEX has raised a total funding of $26.5M over 1 round. Its latest funding round was a Seed round on Nov 01, 2023 for $*****. 2 investors participated in its latest round. AFEX has 2 institutional investors.
Here is the list of recent funding rounds of AFEX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 01, 2023 | 3095701 | Seed | 4280348 | 6781385 | 5630064 | 2841750 |
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AFEX's founders and board of directors
Founder? Claim ProfileAFEX's employee count trend
AFEX has 384 employees as of Mar 26. Here is AFEX's employee count trend over the years:
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AFEX's Investments and acquisitions
AFEX has made no investments or acquisitions yet.
Reports related to AFEX
Here is the latest report on AFEX's sector:
News related to AFEX
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Commodities platform AFEX launches new digital trading platformAfrica Business Communities•Nov 30, 2023•AFEX
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AFEX, a startup in Nigeria specializing in commodities trading, has raised $26.5 millionTechgist Africa•Nov 10, 2023•AFEX, British International Investment
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BII partners Access Bank Plc to extend $60 million trade finance facility across five African countriesNaija247news Media Group•Nov 02, 2023•Access Bank, British International Investment, AFEX
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Nigerian food commodities exchange AFEX expands into KenyaAfrica Business Communities•Jun 23, 2022•AFEX
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Financial Times ranks AFEX #1 fastest growing agriculture & commodities company in Africatechcityng.com•May 05, 2022•AFEX
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AFEX to open second round of $240m funding series to strengthen Africa’s agro-processorsAfrica Business Communities•Feb 02, 2022•AFEX
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