Highlights:

• Liquify converts unpaid invoices into near-instant working capital for SMEs
• The Ghanaian fintech offers funding in 24 to 48 hours via an online platform
• The startup plans to expand across Africa with new financial partnerships

Liquify, a fintech solution developed by a young Ghanaian startup, is making it easier for small and medium-sized businesses to unlock cash from unpaid invoices.

The company was founded in 2023 by Nadya Yaremenko and Alberta Asafo-Asamoah. Its platform lets businesses convert outstanding customer invoices into quick cash, helping improve cash flow without waiting weeks for payments.

“We unlock cash trapped in their unpaid invoices: exporters upload an invoice, our platform runs KYC/AML and credit checks, and the invoices get funded within hours, not weeks, at a fraction of the cost,” explained co-founder Nadya Yaremenko.

Liquify uses its own technology to analyze risk and verify cross-border payments, making the process fast and secure. There is no mobile app involved. Businesses submit invoices through the online platform and can receive funding within 24 to 48 hours.

The startup has already supported several hundred SMEs in Ghana and Kenya and has big plans to expand across Africa. To grow its model, Liquify is looking to build partnerships with banks and export promotion agencies.

In the medium term, the company aims to add foreign exchange hedging and credit scoring tools to its platform. The goal is to create a one-stop shop for B2B financing in African markets.

“We give global investors access to a new untapped asset class. Each invoice is a short-term, self-liquidating note showing almost zero correlation with public markets. We do it end-to-end and paper-free. From onboarding to settlement, everything happens on our digital platform, no couriers, no spreadsheets, no guesswork,” added Yaremenko.

Adoni Conrad Quenum