Balogun Harold Advises TradeDepot on $110 Million Series B Funding Round Led by the IFC

We are pleased to have acted as legal advisors to TradeDepot, a leading Nigerian B2B e-commerce and embedded finance platform, in its successful $110 million Series B funding round. The round was announced on December 6, 2021, and was led by the International Finance Corporation (IFC).

Balogun Harold provided comprehensive legal support throughout the transaction, including due diligence, investment structuring, and documentation, ensuring a seamless process in compliance with both Nigerian and international standards.

This significant investment will enable TradeDepot to expand its Buy-Now-Pay-Later (BNPL) services to SME retailers across Africa, enhancing access to affordable inventory financing and driving further growth in the region’s retail sector.

* In line with our Deal Announcement Policy, Balogun Harold will only announce completed deals when the client has approved public disclosure or where the information is already publicly available.