Vendease Raises $30 Million To Offer Procurement Services Across Africa

Sep 30, 2022 · 2m 31s
Vendease Raises $30 Million To Offer Procurement Services Across Africa
Description

Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services, and power their business operations. Founded by Tunde Kara, Olumide Fayankin, Gatumi Aliyu,...

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Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services, and power their business operations.
Founded by Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Wale Oyepeju, the startup has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent.
The series A equity round of $20 million was co-led by TLcom and Partech, two of the biggest Africa-focused funds.
The $10 million debt round was raised from the local finance market. Following their investments, Andreata Muforo, a partner at TLcom, and Cyril Collon, a general partner at Partech, will join Vendease’s board as new directors.
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Author Africa Business Radio
Organization Africa Business Radio
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