Deal Street

Logistics Company Speedaf Secures Investment To Scale Operations
Logistics Company Speedaf Secures Investment To Scale Operations

Speedaf Express, a China-Africa integrated logistics service provider, has announced the completion of a funding round led by Trustbridge. The round also included participation from Northern Light Venture Capital and Vision Plus Capital.

Speedaf express specializes in cross-border door-to-door logistics services between China and emerging markets including Africa, the Middle East, and South Asia, as well as domestic express, LTL, warehouse, and other value-added services throughout the area. It creates one-stop, full tracking, and door-to-door delivery by relying on a self-built service network and information technologies.

Speedaf express has launched local express, and LTL networks in Ghana, Uganda, Kenya, Nigeria, and Morocco created distribution centers, stations, and warehouses within these countries to assure effective nationwide coverage. The funding will be utilized to expand the logistics network in emerging countries, build an IT system, and structure the talent team.