Agridex Introduces Financial Infrastructure to Streamline Cross-Border Commodity Trade in African Countries
Agridex has announced its partnership with Tradeflow Capital Management to expand access to structured trade finance across Kenya and other African commodity markets. The collaboration is deployed on institutional capital markets that are into agriculture and commodities while focusing on payments infrastructure as a central element of trade finance.
Agridex introduced Loam, a digital payments and treasury platform established specifically to support agricultural supply chains, to further strengthen its financial infrastructure. Loam supports nearly immediate settlements, streamlined invoice processing, and multi-currency payments, making cross-border transactions simpler for farmers, retailers, and SMEs.
This project is designed to reduce settlement delays and improve liquidity for small business owners who engage in cross-border trade. This move is targeted at Agridex long-standing challenges related to African trade, such as uneven payment channels, postponed settlement systems, and constricted access to credit, by integrating financial infrastructure into standard commodities trading.
More than $9 million in stablecoin-powered transactions have already been conducted by Agridex, including a $1.5 million cross-border grain and fertilizer transaction comprising South Africa, Mozambique, and Zimbabwe that was finished by African commodity trading corporation Graintrade. The Defiant Transactions are settled in Circle's USDC stablecoin bypassing the three-to five-day banking delays common in comparison to conventional cross-border payments.
About Agridex
The company was founded by Henry Duckworth in 2020, a former commodities trader at Trafigura, and has received backing from venture investors including Portal Ventures and Endeavour Ventures.
A blockchain-based agricultural trading platform called Agridex (AgriDex) was developed in order to simplify and update international trade of agricultural products. The platform links customers, sellers, and farmers in an online marketplace where agricultural products can be transferred with more transparency, less transaction fees, as well as faster payments.