Capsa Technology Named Top-8 Finalist in Afreximbank AfCFTA Accelerator Programme
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing out from over 1,600 high-growth ventures worldwide. The announcement underscores Capsa’s growing influence in strengthening trade integration across Africa under the African Continental Free Trade Area (AfCFTA).
The recognition positions Capsa as a vital player in addressing Africa’s $120 billion trade finance gap. Unlike traditional banks that often struggle to provide credit to small and medium-sized enterprises (SMEs), Capsa has innovated by adapting the $3 trillion global factoring industry for the African market. This model allows businesses to sell verified invoices to a pool of institutional and private investors, accelerating access to working capital.
CEO and Co-Founder, Mustapha Suberu, emphasized the strategic significance: “This is more than recognition; it is a strategic alignment. Afreximbank’s mandate to deepen intra-African trade requires a robust liquidity bridge. Capsa is that bridge. We are taking factoring mainstream to ensure that the ‘waiting game’ for payments no longer stifles African industrialisation.”
As AfCFTA continues to expand, the demand for cross-border liquidity is expected to rise dramatically. Capsa’s inclusion in Afreximbank’s accelerator gives it access to continental trade networks, regulatory support, and investors, placing the company at the center of Africa’s economic transformation.
Co-Founder and CCO, Segun Dada, added: “Through access to timely liquidity, we are disrupting the status quo and giving businesses the power to not only choose growth but accelerate it. We aren’t just financing businesses; we are accelerating the velocity of money across the entire value chain and enabling tangible impact for the people and the environment.”
source: The Guardian