Liquify
Overview
Liquify is a digital lending platform that focuses on facilitating trade finance for small and medium-sized enterprises (SMEs) in Africa. Founded in 2023 by Nadya Yaremenko and Alberta Asafo-Asamoah, the company is headquartered in Accra, Ghana. Liquify raised $1.5 million through a seed equity round to modernize trade finance for African SMEs. Through invoice financing, Liquify converts unpaid invoices into immediate working capital, supporting African exporters in accessing affordable credit.
Recent Developments
- July 2025: Liquify announced its successful completion of an oversubscribed seed equity round, raising $1.5 million. Notable investors included Future Africa, Launch Africa, 54 Collective, and several others. Furthermore, to meet the increasing liquidity requirements, Liquify secured additional debt funding from Emerald Africa.
- June 2025: Liquify facilitated over 150 transactions totaling more than $4 million since its beta launch in late 2024, showcasing rapid growth in supporting African SMEs.
- Liquify provides a proprietary credit model offering substantially better returns compared to traditional high-interest loans, which historically have posed significant barriers to SMEs in the region.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Accra, Ghana |
| Founders | Nadya Yaremenko, Alberta Asafo-Asamoah |
| Industry | Financial Technology |
| Funding Raised | $1.5 million |
Early History
Liquify was born out of a need to address the financing gap that many African SMEs face. Cofounder Nadya Yaremenko, having overseen a $3 billion trade finance portfolio at Citi, was acutely aware of the funding shortfalls for SMEs post-financial crisis. Together with Alberta Asafo-Asamoah, an impact investor, Liquify was conceptualized to modernize and expand SMEs' access to trade finance. The company's initial focus was on providing liquidity through invoice financing, a strategy aimed at reducing SMEs' dependency on expensive bank loans.
Company Profile and Achievements
Liquify operates as a fintech platform that integrates digital solutions to facilitate trade finance across Africa. The platform allows SMEs to secure funding against unpaid invoices, offering them immediate working capital. This financial access enables businesses to reinvest in operations and fulfill export orders.
- Key Achievements:
- Launched Beta Platform: In late 2024, Liquify went live with beta, quickly generating significant transaction volume.
- Investor Confidence: The $1.5 million seed round highlights investor confidence in Liquify’s potential to transform trade finance.
- Financial Accessibility: Liquify’s model offers competitive financing terms significantly lower than the prevailing 30-40% interest on traditional loans.
Current Operations and Market Position
Liquify currently focuses on bridging the financing gap for African SMEs by offering a seamless digital platform for invoice financing. Its proprietary technology fast-tracks funding to exporters, enabling shorter working capital cycles. Liquify's financing solutions are market disruptive, providing affordable and flexible credit options that are uncommon in traditional financial setups across Africa. The company is establishing itself as a leader in trade finance, with growing influence in the fintech industry, particularly for SMEs looking to scale and access global markets.
Conclusion
Liquify is emerging as a vital player in the African SME financing landscape, with its innovative approach to invoice financing. By facilitating easier access to working capital, Liquify is positioned to significantly impact African exporters’ ability to compete on a global scale. Its strategic initiatives and successful funding rounds suggest an optimistic trajectory for the company's future, promising growth and increased reach across the continent.