Inoxico is a Johannesburg-based, tech-driven commercial credit risk company established in 2009 that uses credit analytics and data to provide commercial credit solutions to corporates locally and internationally. Its offering sources data and develops predictive models to help companies grow their customer bases and make enhanced trade credit decisions. The company focuses on trade credit, a prevalent form of growth capital in developing economies where limited information often hampers collections and cashflow. Inoxico secured an R10-million equity investment from the Vumela Fund. CEO Dominique Pitot said the Vumela investment is a key milestone that provides a strong start to 2021 as the company focuses on the next phase of its strategy implementation. Edge Growth, Vumela’s fund manager, was acknowledged as a partner in the deal.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2021