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Ghana's Jetstream Raises $3M Seed To Build Digital Infrastructure For African Trade Ports And Borders

While it may be faster for African businesses to trade goods with other partners outside of the continent, it also makes them more dependent on exports and prevents new markets from being created. To combat this, Ghanaian-based company Jetstream is proposing its own solution. Jetstream — which operates as a vertical broker between the fragmented and often-hidden segments of cross-border supply chains in Africa — uses technology in order to simplify the process of moving cargo across borders, per its company website. Today, its mission has become focused on “white labeling the systems built internally to manage shipments and financing for customers,” according to TechCrunch, and the startup just closed a $3 million seed round to continue this work. The outlet reports that the funding round included both local and international investors as participants, such as Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs and MSA...

Njera Perkins

Jun 29, 2021