Billboxx, the integrated billing to payment platform aimed at ensuring timely payments for businesses across Africa, has successfully closed a $1.6 million pre-seed funding round. The investment round saw participation from renowned investors including Norrsken Accelerator, Kaleo Ventures, Founders Factory Africa — FFA (now 54 Collective), P2Vest and Afrinovation Ventures.

This significant financial backing will enable Billboxx to tackle the critical cash flow challenges faced by SMEs across Africa. Manual invoicing and deferred payments often result in delayed payments, stifling many SMEs.

Billboxx’s integrated billing-to-payment platform streamlines billing processes, reduces inefficiencies from manual invoicing, and mitigates the impact of deferred payments. By providing automated billing and invoicing, secure payment facilitation, and tailored cash flow financing, Billboxx empowers businesses to achieve consistent cash flow and focus on growth.

Founded in early 2023, Billboxx has facilitated over four million dollars in invoice payments through its MVP launched in May 2023. The platform boasts strategic integrations with a leading commercial bank in Nigeria, a prominent African payment gateway, and multiple lending partners, enabling seamless payment facilitation via bank transfers, cards, and financing options.