Cameroon’s REasy raises $1.8m to fix how Africa’s importers pay suppliers
- REasy raised $1.8 million in pre-seed funding to support its West African expansion.
- The funding round was backed by Ingressive Capital, Launch Africa, and 54 Collective, among others.
- REasy developed a foreign exchange mechanism with the Bank of Central African States to facilitate multi-currency payments.
REasy's innovative approach to trade finance could significantly impact the efficiency of cross-border transactions in Africa. By addressing the barriers faced by SMEs, the platform not only enhances trade but also fosters economic growth across the continent. Further discussion could explore the scalability of such models in other emerging markets.
