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 Sakho, ProXalys 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.
“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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