ROYAL PARK PARTNERS ADVISES TRADEDEPOT ON ITS LATEST FUNDING ROUND OF $110 MILLION

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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.

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