01Between regulated entities
Deal Matching
A matching engine pairs funding needs — receivables, commodity shipments, cross-currency payables — with licensed FI capacity, screened for eligibility, KYC/AML and prudential fit.
A Next Harvest Africa product · July 2026
Structured finance for the continent that trades with itself.
Structured turns African trade receivables and commodity flows into fundable, tradable, risk-tranched instruments — matching regulated FIs, tranching exposure, and settling through bankruptcy-remote SPVs on shared cross-currency rails.
5
Pillars on shared rails
3
Tranches per SPV
24 mo
Path to multi-corridor scale
1
KYC & settlement layer
Market rationale
The receivables are strong. The rails are not.
Intra-African trade is growing under AfCFTA, but cross-border settlement remains fragmented — split across currencies, correspondent banks and credit systems.
Traditional corporate lending is asset-heavy and slow. It does not fit short-cycle trade receivables that need funding measured in days, not years.
Individual FIs are rarely willing to hold 100% of the risk on a single obligor or corridor. Tranching lets them share exposure at a price that matches each appetite.
Underlying assets
Agricultural offtake · Warehouse receipts · Export invoices · Debt participations
Product architecture
Five interlocking pillars. One platform.
Each pillar can operate independently for a single client relationship. The platform's value compounds when all five sit on shared rails.
02Multi-FI co-funding
Risk Tranching
Senior, mezzanine and junior tranches let several FIs co-fund the same pool at a price and capital treatment that matches each risk appetite. Losses absorbed bottom-up, cash distributed top-down.
03Commodity · Currency · Debt
SPV Settlement
Bankruptcy-remote SPVs isolate pooled exposure from Next Harvest and any single FI. Ring-fenced accounts, defined waterfalls, independent trustees, and cross-jurisdiction legal wrappers.
04Domestic working capital
Invoice & Debt Factoring
Purchase — not lend against — receivables. Recourse or non-recourse, with buyer credit assessment, concentration limits, and pooling into the SPV layer once volumes justify it.
05Cross-border AfCFTA-era trade
Export Factoring
Two-factor model with correspondent partners in the buyer's country, settling through the same cross-currency rails. A natural feeder for future export-receivable SPV issuances.
Shared rails
One KYC/eligibility layer. One settlement ledger. One risk-data layer. Each pillar can operate independently; value compounds when all five sit on the same infrastructure.
End-to-end flow
Origination to settlement — one ledger.
- 01OriginationSeller or FI brings a receivable, commodity position, or funding need onto the platform.
- 02MatchingThe matching engine pairs the deal with funders on eligibility, appetite and pricing.
- 03StructuringPooled deals are placed into an SPV and tranched across matched FIs.
- 04FundingFactoring proceeds or SPV note proceeds disburse to the seller, net of discount.
- 05SettlementBuyer payments flow into the SPV account and distribute through the waterfall.
- 06ReportingServicer reports pool performance, coverage ratios and FX activity to all participants.
Partner with us on one corridor. Then scale.
We are onboarding 2–3 anchor FIs to pilot deal-matching and tranching on a single commodity corridor.