Ghanaian invoice financing startup Liquify raises oversubscribed $1.5 M Seed round

In an effort to bridge the $120 billion African trade finance gap, Ghanaian startup Liquify, a digital invoice finance platform for African SME exporters who are stranded waiting 30 to 90 days to get paid, has raised an oversubscribed US$1.5 million seed round of funding.

Export invoices can be quickly and affordably converted into working capital through Liquify, an invoice financing marketplace that links African SMEs with international capital markets. By automating onboarding, KYC/AML, credit checks, and settlement, its end-to-end digital platform allows investors to access short-term, low-correlation assets and exporters to receive payment in a matter of hours.

“We unlock cash trapped in their unpaid invoices: exporters upload an invoice, our platform runs KYC/AML and credit checks, and the invoices get funded within hours, not weeks, at a fraction of the cost,” Nadya Yaremenko, who founded Liquify alongside Alberta Asafo-Asamoah in 2023, told media.

Over 150 transactions totaling US$4 million in trade financing have been made possible by Liquify since its beta launch in late 2024. Thus far, the startup has secured US$1.5 million in equity seed funding to support its expansion throughout Sub-Saharan Africa. Launch Africa, 54 Collective, Digital Africa, Equitable Ventures, and a number of strategic angel investors joined Future Africa as the round’s lead.

Additionally, Liquify’s liquidity and flexibility to support its growing SME clientele were strengthened by Emerald Africa’s extension of its debt facility.

With the help of this funding, Liquify plans to grow its hub in Ghana, hire tech, product, and customer success specialists to support the platform’s explosive growth, and enter the Anglophone and Francophone markets. Additionally, by improving its AI-driven credit-scoring, KYC/AML, and due diligence engines, it intends to speed up product innovation.

“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 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.”