Tech in Africa
Nile is an online trading marketplace for producers and commercial buyers. Nile offers digital solutions that solve inherent issues affecting food trading such as price, exposure, quality, verification, payments, and traceability.
Nile was founded in 2020 by Louis de Kock is one of the co-founders alongside Rick Kleinhans, who is also the CTO, and Eugene Roodt. Within 5 weeks of its launch, the platform has traded one million kilograms of food and vegetables through its online platform.
The platform links commercial buyers from South Africa to the rest of the continent. Going by comments shared on Ventureburn by one of the co-founders, Louis de Kock, he described Nile’s vision of making “nutritious food more accessible to consumers.”
Nile charges a 12% to 15% commission to its traditional markets while connecting the user to the shortest food-to-market route for their fresh produce. This reduces the cost of freight and food waste. Through the e-commerce marketplace model, Nile’s platform specifically caters to the produce industry.
Other features offered on its platform are integrated credit extension services or pre-paid and credit-based secured user platforms. More on Innovation-Village
