MarketForce’s focus is on aiding the growth of SMEs, and their latest round of funding encompasses both equity and debt, enabling them to extend inventory financing services to their merchants This service is akin to an overdraft facility that enables merchants to procure goods and pay for them later, after selling them.

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With a focus on the affordability of businesses and retail customers, Mecho Autotech has established a network of in-house and third-party mechanics who have been thoroughly vetted. The company intends to utilize its fresh capital to broaden its multi-channel service capacity, expand its engineering team, and increase its marketing budget for B2C acquisition

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MarketForce aims to use the funding the funds to expand its operations and strengthen its position in the highly competitive distribution industry. The company is well-positioned to leverage its expertise in the space and is poised for continued growth in the coming years.

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Our portfolio company, 54 Gene, partners with Illumina, a Genomics Service Provider in the US. This partnership will grant 54Gene with capabilities to sequence, analyse and genotype data without the need to be sent abroad, making them the only private laboratory in Africa with these set of capabilities.

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