TUNL operates a parcel shipping platform that offers economy courier options and partnerships with global carriers to cut SMEs' international shipping costs by roughly 50–75%. Merchants on the platform present customers multiple shipping choices at checkout, including an economy service to the U.S. (10–14 days) and faster FedEx/UPS options; economy prices can start around $10 to the U.S. The company was founded in 2022 by CEO Matthew Davey and COO Craig Lowman. Since launch TUNL has grown 35% month-on-month, counts over 700 merchants, and shipped more than 11,000 international parcels in 2023 representing exports worth R24 million (~$1.3M). TUNL’s revenue model is taking margins on orders placed through its platform. The $1M pre-seed will be used to accelerate growth in South Africa, prepare launches into other African and emerging markets, improve sales, and streamline merchant onboarding toward a self-service model. The company is also pursuing partnerships with continental marketplaces such as ANKA and exploring entry into wine shipping with a large subscription business, though alcohol shipping is not yet included.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2023