{"id":91405,"date":"2025-12-04T14:57:03","date_gmt":"2025-12-04T14:57:03","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/swiftvee-secures-10-1m-series-a-for-expansion"},"modified":"2025-12-04T15:58:07","modified_gmt":"2025-12-04T15:58:07","slug":"swiftvee-secures-10-1m-series-a-for-expansion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion","title":{"rendered":"Swiftvee Secures $10.1M Series A for Expansion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>South African agritech startup SwiftVEE has secured R173m ($10.1m) in a Series A funding round to support its expansion into financial services, alongside its core marketplace.<\/b><\/p>\n<p>The round was led by African venture capital firm HAVAI\u0301C and private equity firm Exeo Capital. Notably, Iain Williamson, the former CEO of insurance giant Old Mutual, joined the round, bringing valuable experience from the traditional financial services sector.<\/p>\n<p>Other existing investors, such as fund managers Mike Kirsten and Carlo Dickson, as well as private investment vehicle Zire Africa, also participated in the funding round.<\/p>\n<p>This funding comes at a time when vertical marketplaces across Africa are increasingly integrating embedded finance to enhance margins and customer retention. Initially focused on digitising livestock auctions, SwiftVEE now intends to leverage the new funds to expand into fintech, insurance, and data products, all of which will be added to its trading platform.<\/p>\n<p>Launched in 2019 by Russel Luck, SwiftVEE\u2019s platform aimed to digitise the fragmented livestock value chain. It enables farmers and agents to list cattle, sheep, goats, and game for auction, streaming these events to a broader audience than what would be possible through physical attendance.<\/p>\n<p>The company reports facilitating over $100m (R1.8bn) in gross merchandise value (GMV) annually through \u201cseveral hundred\u201d auctions. SwiftVEE\u2019s operations have expanded beyond South Africa to Namibia, Botswana, Zimbabwe, and Zambia, with buyer syndicates also operating in the US, Europe, and the UAE.<\/p>\n<p>SwiftVEE\u2019s major opportunity lies in its ability to leverage the data and financial infrastructure it controls. This puts it in a prime position to offer credit and insurance products to farmers, a group traditionally underserved by banks due to the challenges in evaluating agricultural risk.<\/p>\n<p>Earlier this year, SwiftVEE took a step towards this direction by announcing a fintech collaboration with Nedbank, one of South Africa\u2019s leading financial institutions.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Gambia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. South African agritech startup SwiftVEE has secured R173m ($10.1m) in a Series A funding round to support its expansion into financial services, alongside its core marketplace. The round was led by African venture capital firm HAVAI\u0301C and private equity firm Exeo Capital. Notably, Iain Williamson, the former CEO of insurance giant Old [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":91404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[260],"class_list":["post-91405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Swiftvee Secures $10.1M Series A for Expansion - Gambia<\/title>\n<meta name=\"description\" content=\"South African agritech startup SwiftVEE has secured R173m ($10.1m) in a Series A funding round to support its expansi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swiftvee Secures $10.1M Series A for Expansion\" \/>\n<meta property=\"og:description\" content=\"South African agritech startup SwiftVEE has secured R173m ($10.1m) in a Series A funding round to support its expansi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-04T14:57:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-04T15:58:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1764851265.997805.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Swiftvee Secures $10.1M Series A for Expansion\",\"datePublished\":\"2025-12-04T14:57:03+00:00\",\"dateModified\":\"2025-12-04T15:58:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\"},\"wordCount\":326,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1764851265.997805.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/swiftvee-secures-10-1m-series-a-for-expansion\",\"name\":\"Swiftvee Secures $10.1M Series A for Expansion - 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