- Ghanaian digital freight forwarder Jetstream Africa has launched an artificial intelligence-enabled platform, Jetvision.ai, to boost cross-border trade in Africa.
- Local banks will use Jetvision.ai to offer trade finance products to "creditworthy" businesses. However, the trade finance product will be available regionally, beginning with West Africa.
- Jetstream introduced Jetvision before it launched Jetvision.ai. The new launch comes as the company claims a year of increased shipment tracking and management with Jetvision 1.0.
Jetstream Africa, founded in 2018 by Miishe Addy (CEO) and Solomon Torgbor (COO), began operations in Ghana in 2019 with a Less Than Container Load (LCL) aggregation service. It seeks to help African businesses manage and control their cross-border supply chains.
According to a report, the logistics startup facilitated the logistics and financing of over 700 containers in 2023, with plans to expand into Africa's 13 highest-volume trading markets over the next two years.
Previously, Jetvision was an internal tool that allowed it to increase monthly shipment volumes per customer by 44%. Jetvision.ai, the new platform, is open to freight forwarders on the continent.
Torbgor affirmed that, before Jetvision, operations relied on spreadsheets, emails, and WhatsApp chats. After introducing Jetvision internally, the ground operations teams embraced it, and within a few weeks, it became the team's go-to for shipment tracking and management.
Jetvision.ai offers AI-powered process automation, document management, trade finance, and API integrations for insurance and payments, among other things.
The AI tool is available to “Africa’s 50,000 freight forwarders and 2 million export and import businesses, who move the continent's supply chain forward,” Addy said in a LinkedIn post.
She added that incorporating AI into Jetstream's operations will not only improve logistics and financing but will also empower businesses.
Before its launch, Jetstream Africa closed a $3 million seed round table in 2021 to build digital infrastructure for Africa's trade environment. In 2023, the company secured $13 million in pre-Series A debt and equity funding to expand into new markets.
