Sabi's Digital Evolution, Credpal X Jumia, Advancly X Bolt, and More Ecosystem News
Greenhouse Capital
We identify, invest in and accelerate the technology powering Africa's future
Sabi is a Nigerian digital infrastructure platform designed to optimize supply chains across Africa, enhancing the distribution of goods and services. They focus on sustainable practices, ethical sourcing, and financial inclusion, offering solutions for sourcing, distribution, and financial services. Sabi connects African markets globally, supporting local businesses with technology and cost-effective access to products and services. Their platform includes the Sabi Market for B2B transactions and TRACE for integrating African commodities into global supply chains.
Founded by Ademola Adesina and Anu Adedoyin Adasolum , who previously led Rensource Energy since 2015, Sabi emerged during the COVID-19 pandemic to address supply chain gaps. Adesina's visionary leadership and Adasolum's operational expertise have been instrumental in their success. Their extensive experience in energy and logistics has positioned them well to drive Sabi forward.
Greenhouse Capital invested in Sabi not only for its innovative approach but also because of the founders' personal qualities—resilience, strategic insight, and a commitment to impactful solutions. Adesina and Adasolum's track record in scaling businesses and their deep understanding of the African market were compelling factors. Adesina notes, "Our mission is to unlock the potential of Africa's supply chains by providing the digital infrastructure needed for seamless commerce."
In January 2024, Sabi raised a $6 million bridge round led by CRE Venture Capital , a testament to investor confidence in their vision and execution. Sabi offers two main products: TRACE, a cross-border commodities operating system, and Sabi Market, a digital facilitator for B2B trade and financial services. TRACE promotes transparency and efficiency in global supply chains, while Sabi Market provides businesses with access to reliable financial services, essential for thriving in frontier markets. Together, these services reflect Sabi's commitment to facilitating commerce, transparency, and growth.
Greenhouse Capital prides itself on investing in the best startups and founders globally. Sabi exemplifies this commitment, demonstrating remarkable growth and innovation within the Greenhouse Capital ecosystem.
Advancly , one of the companies within the Venture Garden Group eco-system has partnered with Bolt Nigeria to offer drivers access to short-term loans, providing financial support for urgent needs like fuel and car maintenance. This integration, first launching in Lagos and Abuja, streamlines the borrowing process for eligible drivers, enhancing their productivity and income. "We recognize the vital role that financial stability plays in the lives of our drivers," said Yahaya Mohammed, Country Manager at Bolt Nigeria. "We are excited to offer additional resources to help them manage their finances and grow their businesses with Bolt."
Science of Trade conference
At the Science of Trade conference sponsored by Venture Garden Foundation , the United States consulate general Lagos, and American Business Council Nigeria in Lagos, Bunmi Akinyemiju delves into the transformative impact of talent, capital, and technology on Africa. Enjoy this insightful snippet from his speech here.
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Mohamed E. Fagiri , founders and CEO of uqudo , one of our portfolio companies within the Greenhouse capital ecosystem visited "The Garage", the Middle East's largest startup district, guided by the CEO Omar Al-Shabaan, the President of the King Abdulaziz City of Science and Technology, Munir Eldesouki and Oliver Dowden, the Deputy Prime Minister of UK.
Credpal partners with Jumia to bring the Buy Now Pay Later (BNPL) offering to the biggest online market in Africa.
Tune in to hear Adetayo Bamiduro , CEO and Co-founder of MAX, in the documentary series "Field Born: Finding Real-World Solutions." Listen as he discusses how MAX is revolutionizing mobility in Africa through its partnership with Yamaha Motor Corporation, USA , demonstrating their commitment to fostering growth, generating income, and empowering riders across the continent.
Zone , in partnership with TechCabal , has released 'The Nigerian Payment Report 2024,' providing an in-depth and expert analysis of the industry for financial institutions, regulators, and professionals.