# MVXchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mvxchange

- Industry: Logistics & Distribution
- Headquarters: Austin, US
- Website: www.mvx.trade
- Total disclosed funding: $1.3M
- Latest round: Seed (Aug 5, 2021)
- Investors on record: 6

## About

MVXchange Inc is a digital platform enabling efficient trade financing and cross-border transactions, connecting businesses and investors to streamline their operations and enhance workflow productivity.Founded in 2019 and headquartered in Austin, US, MVXchange Inc specializes in trade financing solutions. The company has undergone no significant pivots in its business strategy since its inception. The firm was established by Tonye Membere-Otaji, who serves as the CEO. Under his leadership, MVXchange has successfully completed three deals, with the latest being a Seed funding round in August 2021, raising USD 1.3 mn from notable investors including Kepple Africa Ventures and Launch Africa Ventures, among others. This funding round represents the total amount raised by the company to date.MVXchange Inc primarily offers digital trade financing solutions designed to facilitate seamless international transactions and enhance operational efficiency. Their services include a digital platform that connects businesses with potential investors, enabling smooth communication and workflow management. This platform is utilized across various sectors, including manufacturing and logistics, catering to a diverse range of clients globally.The company generates revenue through subscription-based services, allowing businesses to access tiered service plans that vary in features and storage. These plans cater to both small businesses and larger enterprises, providing flexible pricing structures that meet diverse operational needs. Revenue is further supported by partnerships that leverage MVXchange’s technology for improved communication and transaction processes.MVXchange Inc plans to utilize the USD 1.3 mn raised in its most recent Seed funding round to scale operations, hire additional staff, and enhance its technology infrastructure. The company aims to expand its services into new markets, particularly in Africa and Asia-Pacific, by the end of 2023. Additionally, MVXchange is exploring options for further funding, likely in the form of debt, to bolster its trade financing product offerings.

## Funding rounds

- Seed, Aug 5, 2021, $1.3M — Founders Factory, Oui Capital, Kepple Africa Ventures, Launch Africa Ventures, The Continent Venture Partners, Century Oak Ventures

## Investors

- Founders Factory (https://capitalatlas.ai/funds/founders-factory) — Seed
- Oui Capital (https://capitalatlas.ai/funds/oui-capital) — Seed
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- The Continent Venture Partners (https://capitalatlas.ai/funds/the-continent-venture-partners) — Seed
- Century Oak Ventures (https://capitalatlas.ai/funds/century-oak-ventures) — Seed