Skip to main content
Caplight Logo









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

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

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

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

AFEX Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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

Firmographic Details

HeadquartersAbuja
Employee Range374
Year Founded2014
Last FundingNov 1, 2023

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.

See something wrong or outdated?