This development promises to improve efficiency and accessibility for businesses involved in import and export activities.
The platform will collaborate with local banks to offer trade finance products to creditworthy businesses. Initially available in West Africa, this feature is expected to expand regionally, easing access to essential financial resources for traders.
Jetvision.ai is an evolution of Jetvision, an internal tool previously used by Jetstream Africa. The company reports a 44% increase in monthly shipment volumes per customer after implementing Jetvision internally, highlighting its effectiveness.
Recognizing the broader potential, Jetstream Africa has now opened Jetvision.ai to all freight forwarders and businesses across Africa.
“Africa’s 50,000 freight forwarders and 2 million export and import businesses are the backbone of the continent’s supply chain,” stated Jetstream Africa CEO Miishe Addy.
“Jetvision.ai empowers them with AI-driven solutions, not only improving logistics and financing but also unlocking growth potential.”
This launch comes after Jetstream Africa secured $13 million in pre-Series A funding in 2023, demonstrating their commitment to expanding their digital infrastructure and supporting African trade.
With a proven track record and ambitious goals, Jetstream Africa and Jetvision.ai are poised to play a significant role in shaping the future of African trade.
Khula, a South African agritech startup dedicated to empowering farmers through a digital platform, has secured an undisclosed investment from a PepsiCo fund.
EdVentures, an Egyptian venture capital firm specializing in education technology, has announced six-figure investments in two Egyptian ed-tech startups—Schoolz and Ibn Sina Training Academy.
Access Bank Plc, Nigeria’s largest bank by assets, received a $30 million loan from Swedfund, a Swedish development finance institution, to support small and medium-sized enterprises (SMEs) in the country.
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