Sevi is revolutionizing stock financing for wholesalers and retailers with its innovative “stock-now, pay-later” platform, designed to address the challenge of insufficient working capital.

The platform enables retailers to access credit for stock purchases while ensuring suppliers receive upfront payments.

This dual-benefit model supports suppliers such as Coca-Cola, Anytime, and Philmed, who are paid directly through Sevi, while retailers gain the flexibility to order stock on credit, fostering business growth.

Sevi leverages artificial intelligence and machine learning to enhance its credit evaluation process, providing tailored financing solutions to its users.

“Our mission is to empower wholesalers and retailers by providing them with the working capital they need to grow their shops,” said Walter aan de Wiel, founder of Sevi.

“With our app, retailers can access stock on credit, repay easily, and focus on expanding their businesses, while suppliers benefit from upfront payments.”

The fintech operates on a one-week credit cycle, which reduces supply chain friction and boosts efficiency for both retailers and suppliers.

Calvin Chitangala, Investment and Project Manager at Renew Capital, highlighted the significance of Sevi’s innovation.

“Sevi is solving a critical working capital gap in the FMCG sector,” he said. “Their platform makes stock financing more accessible and efficient, empowering businesses to grow faster.”

The first is the KawiSafi Fund II, a $200 million fund aimed at accelerating the green energy transition and supporting decarbonization strategies across sub-Saharan Africa.

This fund focuses on late-stage venture and early-growth equity investments, prioritizing sectors that include energy transition, green productivity, sustainable mobility, logistics, and carbon-based natural solutions.

KawiSafi Fund II seeks to catalyze Africa’s shift towards renewable energy while addressing critical environmental challenges.

The second initiative, the Catalyst Fund, is a venture capital fund and accelerator designed to support early-stage technology startups with high-impact solutions for climate adaptation and resilience.

This fund invests across diverse sectors such as agritech, climate fintech, sustainable energy, agro-forestry, and water management, tackling pressing issues like waste reduction, cold chain innovation, and sustainable food systems.

In addition to financial investments, the Catalyst Fund offers bespoke venture-building support to help startups scale effectively, ensuring they are equipped to deliver long-term impact.

These strategic investments by Heading for Change reflect a deep commitment to advancing climate resilience and sustainable development in Africa.