Grace Ashiru
South African fintech startup Trade Shield has secured ZAR15 million (around US$820,000) in funding from First National Bank’s (FNB) Vumela Enterprise Development Fund, in https://tradeshield.ai/ with Edge Growth. This investment is aimed at supporting Trade Shield’s growth within South Africa and abroad.
Founded in 2023, Trade Shield provides a subscription-based platform designed to help businesses manage trade credit risk. The platform leverages automated data collection, predictive modeling, and artificial intelligence-powered analytics to offer real-time insights. This allows companies to extend credit responsibly, boost revenue, and maintain stable debt ratios.
André Stürmer, chairman of Trade Shield, expressed gratitude for the continued support from Vumela, stating, “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.” He emphasized the company’s dedication to helping customers achieve revenue growth and profitability, while also fostering financial inclusion for small businesses by facilitating access to trade finance.
Sally Kitley, associate principal at Edge Growth, underscored the importance of the investment, noting that Trade Shield’s innovative product offering significantly improves customers’ credit management processes. She commended the management team’s expertise and the platform’s potential for making a considerable impact, saying, “The Trade Shield product demonstrates impact by showing how trade credit can unlock business growth. It is innovative, relevant, and adds value to the businesses that use it.”
This funding represents a significant milestone for Trade Shield as it aims to scale its operations and further enhance its technology-driven credit risk management solutions. The investment highlights the growing interest in fintech innovations that tackle critical business challenges and foster economic growth.
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