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Royal Park Partners advises TradeDepot on its latest funding round of $110 Million


Overview of the transaction


TradeDepot, one of the leading African B2B e-commerce and embedded finance platforms, has raised $110 million in a mix of equity and debt.

The round was led by IFC and Arcadia funds, with further participation from NovastarVentures, CDC, Sahel Capital and Endeavor Catalyst.

Existing investors Partech and MSA also participated in the round. The fundraise will enable TradeDepot to support the delivery of Buy-Now-Pay-Later services to over 250,000 SME retailers and drive further expansion across the continent.


 

Overview of TradeDepot


Launched in 2016 by Onyekachi Izukanne, RukeAwaritefeand Michael Ukpongand headquartered in Lagos, the company has built a platform that aggregates suppliers and retailers on a single e-commerce and embedded finance platform.

In 2020, the company launched a fully integrated inventory financing solution supporting small and micro underbanked retailers. The solution leverages TradeDepot’s dataset which aggregates behavioural and financial information from thousands of retailers to predict their creditworthiness. TradeDepotis ideally positioned to take advantage of the shift towards embedded finance solutions and empower retail finance across the African continent.


 


Royal Park Partners' role


Royal Park Partners acted as financial and strategic advisor to TradeDepot and its shareholders throughout its equity funding round. This transaction highlights Royal Park Partners’ extensive experience in the embedded finance space, and supporting high-growth African Fintech platforms in accessing funding.


 

Disclaimer


The information contained in this document and any communication or documents or other materials distributed at or in connection with the document (together, the "Presentation") is confidential and is being made to or directed to in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it (all such persons being "Relevant Persons"). This presentation may not be disseminated, distributed or used without the prior written consent of Royal Park Partners and Sapia Partners LLP (the “Companies”). The information contained in the Presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons. Any investment or investment activity to which the Presentation relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation must not be acted or relied upon by persons who are not Relevant Persons. Royal Park Partners is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.​

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