ProXalys, a Senegalese startup that specializes in digital transformation for business-to-business trade, has raised US $500,000 in funding to support its growth.
ProXalys, started in 2021 by Thierno Sakho, intends to digitize the whole value chain, reimagine supply chain procedures, and modernize and empower Senegalese informal traders.
With operations now in Tunisia, the startup has raised US $500,000 in funding, with 216 Capital, a seed fund based in Tunisia, leading the round. Through its FUZE program, it also includes Haskè Ventures and Digital Africa.
ProXalys plans to use the funds to fortify its data and artificial intelligence teams in Senegal and Tunisia, as well as quicken the launch of its new product, ProBoutik.
Principal investment manager at 216 Capital, Hassen Arfaoui, emphasized ProBoutiK’s noteworthy role in advancing digitalization and financial inclusion in Africa’s unorganized retail industry.
“The collaboration reflects a shared belief in the necessity of financial inclusion and digital transformation to drive sustainable economic development in the region,” he said.
In 2022, ProXalys completed a pre-seed funding round that brought in USD 150,000.
