AfriDex, a blockchain software-as-a-service solution, secures $5 million in Pre-Seed funding with Endeavor Ventures as the lead investor.

AfriDex, a blockchain software-as-a-service solution based in London, UK, has announced the completion of a $5 million Pre-Seed funding round. The round was led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and Hank Oberoi. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to supply chain participants. Their solutions aim to support and protect participants by utilizing blockchain technology to achieve traceability, frictionless payments, fraud prevention, verified certifications, simplified tax and subsidy management.