Fintech startup Trade Shield raised $820K funding from FNB’s Vumela Enterprise
In collaboration with Edge Growth, South Africa’s Trade Shield, a technology company providing comprehensive credit risk management solutions, has obtained ZAR15 million (US $820,000) in funding from FNB’s Vumela Enterprise Development Fund.
Trade Shield uses AI-driven analytics, predictive modeling, and automated data collection to assist companies in managing trade credit risk. It helps businesses to responsibly extend credit, increase revenue, and maintain stable debt ratios by offering real-time insights through a subscription-based platform.
The funding of ZAR15 million, or US$820,000, will be used to open up growth prospects both domestically and abroad. Trade Shield, which was founded in 2023, has shown remarkable growth, robust market demand, and the ability to grow as a SaaS-based company.
“To date, Vumela has been a very supportive shareholder in Inoxico. Having them invest further in the growth of Trade Shield – with their extensive experience in the South African business landscape – confirms that we are doing something unique and special,” said Trade Shield chairman André Stürmer. “At Trade Shield, we pride ourselves not only on helping our customers grow revenue and improve profitability but also on driving financial inclusion for small businesses by giving them access to trade finance.”
According to Sally Kitley, associate principal at Edge Growth, Trade Shield is a dynamic company with a cutting-edge product line that significantly enhances its clients’ credit management procedures.
“They have an impressive management team, deep industry knowledge, and an innovative approach that is supported by a market with strong tailwinds. We are excited about the growth that our funding unlocks. The Trade Shield product demonstrates impact by showing how trade credit can unlock business growth. It is innovative, relevant, and value-adding to the businesses that use it,” she said.
