Senegalese Retail-tech Startup ProXalys Raises USD 500 K Funding

Senegalese startup ProXalys, which specializes in digital transformation in B2B commerce, has raised a USD 500 K funding round to help it scale. The round was led by 216 Capital, a Tunisia-based seed fund, and also features Haskè Ventures and Digital Africa through its FUZE program.

ProXalys aims to modernize and empower Senegal’s informal traders, digitizing the entire value chain and reinventing supply chain processes. The startup has three tools for managing and capturing daily financial flows in real-time an order-taking application for informal distributors; an IT system for administrative management; and a supply chain logistics management system. It also provides a procurement service for everyday products.