A web-based African commodities exchange for farmers, traders, brokers, and investors to buy, sell, and invest using spot contracts and commodity-backed products.
AFEX is a pan-African digital commodity exchange platform for smallholder farmers, traders, brokers, dealers, institutional buyers, and retail investors who want to trade or invest in commodities.
Key capabilities include:
Available on Web, iOS, and Android.
It serves a B2B2C audience, including smallholder farmers and small traders as sellers, large commodity buyers and trading houses as institutional participants, and retail investors seeking commodity-linked instruments.
Notable in the African market context, it operates a structured commodities marketplace regulated by Nigeria’s Securities and Exchange Commission and has expanded operations to multiple countries (7 countries stated on its website).
As of Jun 22, 2026, AFEX is rated 3.8 on the App Store from 5 reviews and 3.7 on Google Play from 40 reviews with 5K+ installs.
DD Dave found 8 key people at AFEX, including 6 C-Suite, and 2 VP. See how we get product data
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US · 3 reviews
May 31, 2026
I'm a maize farmer in Benue State. For years, I struggled with the same problem: after harvest, middlemen would come with lowball offers because they knew I needed to sell quickly. I'd watch them take my maize to the city and sell it for double what they paid me. Then I discovered AFEX, and everything changed.
DD Dave found that AFEX has raised $26.5M across 2 rounds, backed by 2 investors. Their latest round was a Other in Oct 2023. See how we get product data
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