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AFEX

AFEX

Private

Last Round

VC Round

Nov 1, 2023

Total Funding Raised

$65M

Company Overview

AFEX is an agtech company that operates a commodities exchange platform to connect farmers and other participants to commodities and financial markets.

Sector

FinTech

Verticals

Investment Platforms, Lending & Credit, Supply Chain, Supply Chain Tracking, Vertical SaaS

Business Model

B2B

Customer Profile

Marketplace Commission, Services & Consulting, Payment Processing Fee, Subscription SaaS

AI Layer

Non-AI

Keywords

commodities exchangeagritechcommodity trading platformagricultural supply chaincommodity financefarmer financingsmallholder farmer platforminput financingwarehouse networkcollateral managementwarehouse receipt systemasset-backed commercial paperABCPexchange traded commoditiesworking capital financingagricultural ERP

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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AFEX Comparables

Compare AFEX with similar companies based on industry and business-model similarity.

AFEX comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
East Africa Exchange
84%
Thrive Agric
82%
Zowasel
80%

AFEX Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundNov 1, 2023
DebtOct 1, 2021
VC RoundDec 18, 2019

Key People

Founding team and executive leadership

Akinyinka Akintunde

Chief Executive Officer

Executive Team

Ayodeji Balogun

Group Chief Executive Officer

Executive Team

MCPN Yusuf Oguntola

Chief Technology Officer

Executive Team

AFEX Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 2, 2025

    Monthly visitors grew 526% MoM, from 1.9K to 11.9K.

  • Dec 14, 2024

    Monthly visitors grew 49% MoM, reaching 6.4K.

AFEX Filings

Explore SEC and related filing metadata, where available.

AFEX filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about AFEX's valuation, stock price, and market status.

Is AFEX a public or private company?

AFEX is a private company.

What is the current stock price of AFEX?

AFEX is a private company with no public stock price. No recent secondary market data is available.

How much is AFEX worth (valuation)?

Valuation information for AFEX is not publicly available.

Can I buy AFEX stock?

AFEX shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was AFEX's last funding round?

AFEX's most recent funding round was VC Round on November 1, 2023.

Who are the main investors in AFEX?

Key investors in AFEX include Consonance Investment Managers, British International Investment.

Will AFEX IPO soon?

No public IPO plans have been announced for AFEX.

How can I track AFEX secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor AFEX's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersAbuja
Employee Range186
Year Founded2014
Last FundingNov 1, 2023

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