ProXalys, Senegal’s Retail-Tech Startup Secures $500K in Funding Round

Senegalese startup ProXalys, which specialises in digital transformation in B2B commerce, has raised a US$500,000 funding round to help it scale.

Founded in 2021 by Thierno SakhoProXalys aims to modernise and empower Senegal’s informal traders, digitising the entire value chain and reinventing supply chain processes.

The startup, which has expanded its operations to Tunisia, has raised a US$500,000 funding round, led by 216 Capital, a Tunisia-based seed fund. It also features Haskè Ventures and Digital Africa through its FUZE programme.

ProXalys will utilise the funding to accelerate the go-to-market of its new product, ProBoutik, and strengthen its data and AI teams in Tunisia and Senegal.

Hassen Arfaoui, principal investment manager at 216 Capital, emphasised ProBoutiK’s significant contribution to digitalisation and financial inclusion in Africa’s informal retail sector. 

The collaboration reflects a shared belief in the necessity of financial inclusion and digital transformation to drive sustainable economic development in the region,” he said.

ProXalys raised a US$150,000 pre-seed round of funding back in 2022.


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