FrontEdge, founded in 2021 by Moni Alli, is a Lagos-based fintech that provides SME exporters and importers with transaction-based working capital and integrated software tools for cross-border trade. Its core offering provides upfront capital without collateral by underwriting transactions—typically engaging when goods are on a vessel or at a warehouse—and funds payment terms usually between 60–90 days. Beyond financing, FrontEdge offers cross-border payments, facilitates setup of overseas offshore accounts to manage dollar flows and convert proceeds to naira, and provides logistics management, cargo insurance and document management. The company says customers have grown 20% month-on-month since launch and have been able to triple their sales on the platform; revenue is earned from the spread on financed transactions. FrontEdge reports a zero default rate after executing over 50 contracts and emphasizes disciplined underwriting rather than disclosing revenue figures. It plans to use new capital to hire talent, scale its financing product across Nigeria, Ghana, Ivory Coast and Kenya, and launch additional products to diversify revenue.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Nov 2023