Challenge

Thousands of informal merchants across Africa use MarketForce’s flagship digital product, RejaReja, to source, order and pay for inventory and get it delivered within 24-hours. The fast-paced nature of their business and the retail industry as a whole, means that access to readily-available working capital is of paramount importance to MarketForce’s growth. They required a finance partner with an understanding of the peculiarities of operating in the African market and a willingness to offer tailored solutions to power their growth.

Solution

Advancly provides MarketForce with a debt funding solution tailored to accelerate their working capital cycle and enable them gain ground quickly across unique markets. Advancly also provides embedded finance services to MarketForce, through which they extend inventory financing and Buy-Now-Pay-Later services to their merchants.

Results

Due to Advancly’s flexible debt capital model, MarketForce can grow and scale without having to reinvent their financing solutions at every stage of growth. Our embedded finance services also ultimately power growth for MarketForce’s merchants, supercharging their potential by providing them with seamless access to credit.

Progress for one, Progress for all.

At Advancly, we are building the rail tracks that will deliver a more modern and more robust financial system to Africa and emerging markets, ensuring wealth and prosperity for all. By partnering with MarketForce, we are able to make a positive impact on communities through neighbourhood merchants. Leveraging MarketForce’s distribution network, we are providing communities with the financial services they need to build resilience and prosperity.