WareFlow Africa operates a supply chain finance platform providing African SMEs with instant working capital through invoice financing. The platform allows sellers to convert unpaid invoices into cash within 24 hours without requiring collateral. Additionally, it offers buyers flexible supplier payment terms and provides investors opportunities to earn returns on verified trade receivables.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized enterprises (SMEs) in Africa face significant cash flow challenges due to delayed payments on outstanding invoices, hindering their ability to invest in growth and operations. Traditional financing options can be difficult to access or may involve incurring debt.
Solution
Wareflow provides a supply chain financing platform that enables African SMEs to unlock working capital by leveraging their outstanding invoices. The platform offers invoice factoring, allowing businesses to receive a cash advance of up to 80% of the invoice value, typically within 24 hours. This provides immediate access to funds owed to them, bridging the gap between invoicing and payment and enabling them to focus on business growth without accumulating debt. Wareflow streamlines the process of submitting invoices and receiving financing, while also managing payment collection from the SME's customers.
Target Audience
Wareflow primarily targets SMEs in Africa, particularly those engaged in transporting goods within the supply chain and those with business-to-business invoices, who need access to fast capital to improve cash flow.
Features
- Invoice submission and management portal for creating and tracking invoices.
- Factoring service providing up to 80% cash advance on invoice value within 24 hours.
- Payment collection and management, handling the process of receiving payments from the SME's customers.
- Flexible terms allowing businesses to factor as much or as little of their sales ledger as needed.
- Streamlined application process for quick access to working capital.