Vendease, a leading food tech procurement platform in Africa, today announced Mohamed Chaudry as its new Chief Financial Officer (CFO), highlighting Vendease’s dedication to fortifying its executive team during a period of rapid growth and active fundraising initiatives.
About Mohamed Chaudry
The appointment of Mohamed Chaudry adds over 20 years of experience to the Vendease executive team, specializing in driving growth by scaling the business, securing funding, and implementing strategic financial strategies.
His focus at Vendease is on innovating and enhancing operational efficiency in food procurement across Africa. Previously, as Group CFO at Foodhub, he played an instrumental role in expanding operations across 8 countries, achieving significant revenue growth and scaling the team.
At SeaJet, he successfully secured multi-million-dollar funding and spearheaded market expansion initiatives.
By The Numbers
Vendease’s innovative technology has empowered over 4,000 African businesses to optimize their procurement processes efficiently and save them over $12 million in procurement costs. Additionally, the company deployed $72 million in credit to support the growth of food businesses.
What They’re Saying
Tunde Kara, CEO of Vendease, expressed optimism about the company’s future, stating, ‘We are thrilled about the next phase of Vendease’s journey. Our fundraising effort will enable us to scale our operations and introduce groundbreaking solutions that redefine how businesses procure food supplies.’
Mohamed Chaudry commented on his new role, saying, “I am excited to join Vendease at such a pivotal moment. The opportunity to contribute to the company’s expansion and innovation in the foodtech space is truly inspiring. I look forward to working closely with the team to drive sustainable growth and deliver exceptional value to our customers.“
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