MVXchange, a Nigerian-based logistics startup has recently partnered with Standage a Japanese-owned firm to strengthen the two countries’ trade links.
Launched in 2019, the logistics startup is involved in trading and logistics with other platforms that have similar demand in supporting offshore vessels in the energy industry, thereby offering freight forwarding and in-land logistics services digitally.
MVXchange has now connected with the Japanese logistics firm to enhance trade service capable of completing trade operations ranging from matching buyers and sellers to cargo delivery.
In previous years, Japanese logistics firms only handle sea or airport delivery in Nigeria and other West African countries, leaving custom clearance in the ports to Nigerian logistics firms.
However, MVXchange is now solving this challenge by linking its MVXtransit service API to DiGiTRAD’s API. DiGiTRAD is Standage’s all in one trade service for completing all trading operations.
This linking will allow the execution of cargo management digitally and customs clearance procedures for local logistics in Africa.
Users on DiGiTRAD together with their logistics companies can now do MVXchange procedures on custom exchange from DiGiTRAD system.
Both MVXchange and Standage are funded by Kepple Africa Ventures, a VC platform that invests in African startups.
According to Satoshi Shinada, Kepple’s General Partner, there are still partnerships between African and Japanese startups that the VC firm is looking to encourage.
“The partnership between these two companies is very innovative. The collaboration between the two companies, which have a deep understanding of the needs of both Japanese and African customers, will create an end-to-end trade, payment, and transportation platform that connects exporters and importers. I hope that Japanese companies will further expand their business in Africa based on this platform,” Satoshi said.
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