Breeze has introduced a platform that addresses the longstanding challenges in Africa’s trade ecosystem. The platform simplifies trade processes, provides easier access to financing, and enhances transparency, enabling businesses to thrive in a competitive global market.
“Breeze is redefining trade for African businesses,” said Chimenem Nnwoka, CEO of Breeze. “We are removing barriers and providing tools that allow enterprises to scale, compete, and succeed. Africa’s growth potential is immense, and Breeze is here to harness it.”
The platform focuses on improving trade financing through its reimagined Letter of Credit (LC) process. Traditionally, LC systems involve lengthy approvals, heavy paperwork, and strict collateral requirements. Breeze digitises this process, significantly reducing the time and effort involved.
“Our goal is straightforward: to make trade financing fast, efficient, and accessible,” Nnwoka explained. “The traditional LC system is outdated, and Breeze is modernising it.” Businesses can now access uncollateralised credit lines of up to $50 million per transaction, empowering both small enterprises and large exporters.
Using distributed ledger technology, Breeze enhances security and visibility across trade transactions. This enables merchants, financiers, and logistics providers to monitor activities in real time. The company claims its approach reduces processing times by up to 90%, allowing businesses to focus on opportunities instead of administrative hurdles.
“We’re creating a platform where trust and efficiency are the foundation,” said Samuel Ayorinde, Chief Technology Officer. “With real-time insights and secure transactions, we’ve transformed how African businesses engage in global trade.”
Africa faces a $120 billion trade finance gap, which has limited economic growth. Breeze is addressing this by connecting businesses with private financiers and international banks. In under two years, the platform has processed $800 million in LC applications, supported the trade of over 15,000 metric tons of goods, and extended $10 million in credit.
“Our vision is to remove bottlenecks in Africa’s trade finance system,” said Ose Aigbokhaevbo, CFO. “Access to credit should be equitable and straightforward, and we’re making that a reality.”
Beyond trade financing, Breeze offers tools for multi-currency payments, streamlined collections, and investment solutions. These tools help businesses manage currency risks and foster financial stability.
“Breeze is more than a trade platform—it’s a partner in growth,” said Dele Dickson, Chief Commercial Officer. “Our solutions simplify financial operations, enabling businesses to focus on innovation and expansion.”
The company is building a trade network that brings together merchants, banks, and logistics providers on one platform. This collaboration promotes trust and facilitates seamless transactions.
“Trade flourishes through collaboration,” said Dickson. “We’re cultivating an ecosystem where transparency and efficiency drive progress for everyone involved.”
Breeze also prioritises environmental sustainability. By digitising processes, the platform reduces waste and minimises the environmental impact of trade activities.
“Efficiency and sustainability are intertwined,” Aigbokhaevbo noted. “Every digital transaction saves time while contributing to a greener future.”
Looking ahead, Breeze plans to introduce an electronic Bill of Lading (eBL) system. This will enable real-time shipment tracking, improving supply chain operations and enhancing efficiency.
“The future of African trade is promising, and Breeze is dedicated to providing the tools businesses need to succeed,” Nnwoka said.
Breeze’s mission is to position African businesses as key players in global trade. By tackling systemic challenges and fostering collaboration, the company aims to reshape the continent’s economic future.
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