Liquify’s $1.5M Raise Targets Faster Invoice Payments for African Exporters

Ghana-based fintech startup Liquify has secured $1.5 million in seed funding to support its mission of easing cash flow challenges for African SME exporters. The funding round, which was oversubscribed, aims to help close Africa’s estimated $120 billion trade finance gap.

“The average bank process takes over 10 days and costs more than USD 10 K to serve a single SME,” said co-founder and CEO Nadya Yaremenko. “We bring that down to a fraction of the time and cost.”

Since its beta launch in late 2024, Liquify has facilitated more than 150 transactions, financing $4 million in trade. The newly secured funding will enable the startup to expand across Sub-Saharan Africa, with a focus on scaling its operations in Ghana and entering new Anglophone and Francophone markets.

“We built Liquify to unlock the $120 billion trade-finance gap holding back Africa’s most dynamic SMEs,” Yaremenko said. “This seed round, as well as the incredible people joining our team, validates our vision. With our fully digital, AI-powered platform, exporters can turn unpaid invoices into same-day cash, while global investors gain access to a new untapped class.”

Founded in 2023 by Nadya Yaremenko and Alberta Asafo-Asamoah, Liquify operates a digital invoice financing platform that enables exporters to receive payments within hours, significantly faster than the traditional 30 to 90-day waiting periods.

The seed round was led by Future Africa, with participation from Launch Africa, 54 Collective, Digital Africa, and Equitable Ventures, as well as several strategic angel investors. Additionally, Emerald Africa extended its debt facility, increasing Liquify’s ability to support more SMEs.