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Nigeria’s SupplyVest, Coteod Commodities partner to revolutionise commodity trading

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By Tom Jackson on February 10, 2025 Startups, West Africa

Nigeria’s SupplyVest, a leading provider of AI-driven supply chain platforms, and Coteod Commodities, a rising player in the national commodities market, have partnered to enhance commodity trading by leveraging AI technology, multi-currency banking, and innovative financial solutions. 

The agreement between SupplyVest and Coteod Commodities will see Coteod utilise SupplyVest’s AI-powered platforms to optimise key operational tasks, including supplier and buyer matching, invoicing, procurement, trade finance, and sales. The partnership also integrates embedded multi-currency banking and insurance services to ensure seamless andsecure trading experiences. 

“We are thrilled to partner with Coteod Commodities Ltd and bring the power of AI-driven platforms to the forefront of commodity trading. This collaboration is a significant step towards driving efficiency, reducing complexity, and empowering businesses with innovative financial solutions,” said Silas Okwoche, founder and CTO of SupplyVest.

“Coteod’s partnership with SupplyVest underscores our commitment to leveraging technology to stay ahead in the competitive commodities market. SupplyVest’s platforms will enhance our operational capabilities and open new avenues for growth and success,” said Confidence Odionye, CEO of Coteod Commodities.

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Tom Jackson
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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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