SA fintech startup Trade Shield raises $820k funding from FNB’s Vumela Enterprise Development Fund. The funds will be used to unlock growth opportunities in South Africa and globally.
Mar 27, 2025•9 months ago
Amount Raised
$820,000
Round Type
seed
Investors
Edge GrowthFnb’s Vumela Enterprise Development Fund
Description
South Africa’s Trade Shield, a tech-based business offering end-to-end credit risk management solutions, has secured ZAR15 million (US$820,000) in funding from FNB’s Vumela Enterprise Development Fund, in partnership with Edge Growth. The funding will be used to unlock growth opportunities in South Africa and globally. Since its launch in 2023, Trade Shield has demonstrated impressive growth, strong market demand, and the potential to scale as a SaaS-based business. The Trade Shield product demonstrates impact by showing how trade credit can unlock business growth.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech