Ghanaian e-logistics startup Jetstream Africa raised $13 million in equity and debt pre-Series A

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Ghanaian e-logistics startup Jetstream Africa raised $13 million in equity and debt pre-Series A where fintech lender and private equity firm Cauris was the sole provider of the debt financing while the equity investors include Octerra, Wuri Ventures, Seed9, The MBA Fund, French development institution Proparco and ASCVC with existing investors Alitheia IDF and Golden Palm also participated.

Jetstream’s new business model is one of a freight forwarder. The company now handles the entire movement of shippers’ cargo (both import and export), charges a fee, and, most importantly, provides financing to those in need. Jetstream’s trade finance product has grown from a $1 million debt secured in mid-2021 to around $9 million in total loans disbursed so far. It expects to more than fivefold that amount by the end of this year.

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Ghanaian e-logistics startup Jetstream Africa raised $13 million in equity and debt pre-Series A

Ghanaian e-logistics startup Jetstream Africa raised $13 million in equity and debt pre-Series A where fintech lender and private equity firm Cauris was the sole provider of the debt financing while the equity investors include Octerra, Wuri Ventures, Seed9, The MBA Fund, French development institution Proparco and ASCVC with existing investors Alitheia IDF and Golden Palm also participated.

Jetstream’s new business model is one of a freight forwarder. The company now handles the entire movement of shippers’ cargo (both import and export), charges a fee, and, most importantly, provides financing to those in need. Jetstream’s trade finance product has grown from a $1 million debt secured in mid-2021 to around $9 million in total loans disbursed so far. It expects to more than fivefold that amount by the end of this year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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