Trade Shield, a South Africa-based enterprise specializing in credit risk management solutions, has successfully secured ZAR 15 million (approximately $825,000) in funding from the Vumela Enterprise Development Fund, which is managed by Edge Growth. This financial backing is aimed at facilitating the company’s growth opportunities both within South Africa and on a global scale. The primary focus of Trade Shield is to assist businesses in effectively managing trade credit risk.
The company employs advanced technologies such as automated data collection, predictive modeling, and AI-driven analytics to provide comprehensive solutions. Through its subscription-based platform, Trade Shield delivers real-time insights that empower businesses to extend credit responsibly, enhance revenue streams, and maintain stable debt ratios. Originally developed by Inoxico, a company that has been backed by Vumela since 2020, Trade Shield is carving out its niche in the market by concentrating on AI-powered credit assessments. Meanwhile, Inoxico continues to function as a traditional credit bureau, offering a variety of risk management services on a pay-per-use or retainer basis.
André Stürmer, the chairman of Trade Shield, expressed his appreciation for Vumela’s ongoing support, stating, “To date, Vumela has been a very supportive shareholder in Inoxico. Having them invest further in the growth of Trade Shield – with their extensive experience in the South African business landscape – confirms that we are doing something unique and special.” He emphasized that Trade Shield is committed not only to helping its clients increase revenue and enhance profitability but also to promoting financial inclusion for small businesses by providing them with access to trade finance.
Based in Johannesburg, South Africa, Trade Shield boasts a team of approximately 45 professionals, including trade credit experts, data scientists, software developers, sales executives, and customer support staff. This diverse team is dedicated to delivering innovative solutions to their clients.
Sally Kitley, an associate principal at Edge Growth, highlighted the significance of Trade Shield’s offerings, stating, “Trade Shield is an exciting business with a relevant and novel product offering that radically improves its customers’ credit management processes. They have an impressive management team, deep industry knowledge, and an innovative approach that is supported by a market with strong tailwinds. We are excited about the growth that our funding unlocks.” She further noted that the Trade Shield product demonstrates tangible impact by illustrating how trade credit can catalyze business growth, making it both innovative and valuable for its users.
Mike Sage, a trustee of FNB Vumela, commented on the funding round, saying, “Our participation in this funding round was to help Trade Shield unlock additional business value and growth potential. Trade credit is an integral part of the funding ecosystem, which we believe is a catalyst for economic growth in our country.” This underscores the importance of Trade Shield’s mission in contributing to the broader economic landscape in South Africa.
