Procurement for Africa, in motion.
ProcureChain is an AI-enabled, cloud-based procurement orchestration platform. Buyer organisations run their entire purchasing cycle on it — request, sourcing, RFQ, tender, evaluation, approval, purchase order, invoicing, logistics and reporting — while verified suppliers compete for that demand in the same place. Buyers pay $178 per user per month. Suppliers pay $33. Everything else — transactions, integrations, advisory, data — layers on top.
Reserve a 30-minute session to walk through the platform, the customer base, the financial model and the terms of the raise.
Not procurement software. The infrastructure procurement runs on.
Sigma Procurement Pty Ltd, trading as ProcureChain, was founded in 2022 to digitise how organisations source, manage and execute purchasing. A marketplace only matches buyers to sellers. A procurement tool only manages documents. ProcureChain is the orchestration layer between them: it holds the participants, the workflow, the money movement, the logistics and the data in one environment, and sells access to each of those layers.
Company snapshot
- Legal name
- Sigma Procurement Pty Ltd
- Trading name
- ProcureChain
- Founded
- 2022
- Industry
- Procurement technology
- Core offering
- Digital procurement orchestration platform
- Delivery model
- Cloud-based SaaS (Microsoft Azure)
- Primary market
- Africa
- Broader focus
- Africa and emerging markets
“To become Africa's leading digital procurement infrastructure — connecting buyers, suppliers and partners into a single, transparent ecosystem.”
Four customers, each paying for a different thing.
The platform is two-sided and both sides are billable. Buyers pay to run procurement properly; suppliers pay to be seen by those buyers and win work. Enterprise clients and ecosystem partners pay on top of that base.
Buyer organisations
$178 / user / monthCorporates, SMEs, public-sector institutions and multi-site groups that run recurring sourcing. They buy structured purchase requests, approval workflows, RFQ and tender management, spend visibility and audit trails.
Suppliers & vendors
$33 / user / monthBusinesses selling into those buyers. They pay for a verified digital profile, access to live RFQs and tenders, quotation submission, compliance onboarding and premium listings in front of real demand.
Enterprise & ERP clients
Project & integration feesLarger organisations needing implementation, ERP/API integration, three-way invoice matching, enterprise customisation or white-label and private-cloud deployments.
Ecosystem partners
Revenue share & marketplaceLogistics and freight providers, consultants, system integrators and professional-service firms who plug into the platform and reach procurement demand already flowing through it.
Procurement in Africa still runs on paper and guesswork.
Supplier identification, quotations, tenders, approvals, purchasing, invoicing, logistics and reporting each live in a different tool, inbox or spreadsheet. Nobody holds an end-to-end view. Across multiple sites, sectors or borders it compounds — different supplier environments, regulatory regimes and approval structures with no shared data layer underneath.
Manual workflows
Delays, paper approvals, inconsistent practice between departments
Supplier blindness
No visibility of who can actually deliver, at what price, on what record
Compliance & audit risk
Weak auditability and cross-border regulatory exposure
No procurement data
Spend and supplier performance invisible, so decisions stay instinctive
Nine capabilities, one lifecycle.
A modular, cloud-based system hosted on Microsoft Azure — role-based access, workflow automation, audit trails, analytics and AI decision support, with integrations into the finance and enterprise systems an organisation already runs.
Buyer management
Purchase requests, approval workflows, supplier sourcing and structured evaluation of responses.
Supplier management
Registration, onboarding, verification, compliance and performance tracking for every vendor.
RFQ & tender management
Configurable requirements, scoring, evaluation criteria and full audit trails on every sourcing event.
Procurement workflow
Request to quotation, approval, purchase order, invoicing — one connected lifecycle.
Logistics integration
Courier, freight and last-mile sourcing attached directly to the procurement event.
Financial & ERP integration
Invoice validation, three-way matching and synchronisation with finance and enterprise systems.
Analytics & intelligence
Spend patterns, supplier performance and procurement activity visible in real time.
AI decision support
Supplier matching, bid evaluation, anomaly detection and risk signalling.
Partner ecosystem & marketplace
A framework for technology, logistics and advisory partners to trade inside the platform.
For buyers
A connected procurement environment with control, speed and spend visibility
For suppliers
Structured access to real procurement opportunities and added services
For partners
A route to sell technology, logistics and advisory into live demand
Live platform, real users, billing not yet switched on.
We are direct about this: ProcureChain has generated zero subscription revenue to date. The platform is operating under a three-month free trial, with subscription billing expected to commence after the trial, subject to commercial arrangements and customer conversion. What exists today is a working platform with a real population on it.
Illustrative subscription potential at current base
$12,460
70 buyer users × $178 / month
$2,871
87 supplier users × $33 / month
$15,331
Combined monthly potential
Priced in US dollars at an indicative R18/US$ exchange rate (list prices of R3,200 and R600 per user per month). This is potential revenue based on the current platform population and pricing assumptions — not revenue already earned or contracted. Realised revenue depends on conversion from the free trial, customer activation, retention and billing commencement.
Six revenue streams built on one platform.
Recurring subscription revenue forms the base. Transaction revenue scales with procurement volume flowing through the platform. Services, advisory and data revenue carry higher value per engagement. Each stream feeds the next as adoption grows.
Platform subscriptions
Recurring buyer and supplier subscriptions — the predictable base.
Transaction revenue
Procurement transaction fees plus tender and success fees that scale with volume.
Platform & technology services
Implementation, ERP/API integration, enterprise customisation, white-label and private cloud.
Value-added services
Supplier verification, compliance checks, training, premium support, managed procurement.
Procurement & transformation
Procurement transformation consulting and spend optimisation advisory.
Data, analytics & marketplace
AI and advanced analytics, market intelligence, premium supplier listings and marketing.
Africa first, emerging markets next.
The architecture is modular and cloud-based, so it scales across organisations, sectors and borders without rebuild. Growth comes from buyer and supplier adoption, transaction volume, integration deployments, procurement services, and the analytics and marketplace layer as data accumulates.
Stakeholder landscape
Economic
Procurement efficiency, supplier access and market connectivity for African enterprises
Social & inclusion
Broader SME and supplier participation in structured commercial opportunity
Technology & institutional
Digital transformation, traceability and procurement governance
From $451K to $7.06M in three years.
2027 is the commercial scale-up year — launch, acquisition and market-entry costs weigh on profitability. EBITDA turns positive in 2028 and expands through 2029 as revenue scales and operating leverage develops.
Projected revenue
$7.06M
2027 · $451K
2028 · ~$2.4M
2029 · $7.06M
| Metric | 2027 | 2028 | 2029 |
|---|---|---|---|
| Revenue | $451K | ~$2.4M | $7.06M |
| Gross profit | $288K | — | $4.76M |
| Gross margin | — | — | 67.44% |
| EBITDA | $(21K) | positive | $3.80M |
| Operating cash flow | $(4K) | $345K | $2.8M |
$560,000 for a 9% ownership interest.
$6.22M
Post-money valuation
$5.66M
Pre-money valuation
1.68x
Indicative MOIC
68.5%
Indicative total ROI
Valuation cross-check
The $6.22M post-money figure is implied by the transaction terms and is distinct from the underlying DCF and VC valuations. On current VC-method assumptions the three-year exit value is approximately $10.48M; at 9% that implies investor proceeds of approximately $943,451 — before dilution, distributions, transaction costs, taxes or changes in assumptions.
Use of investment
$300,000 (53.6%) is allocated to capital and fixed-asset requirements; $260,000 (46.4%) to operating and working-capital requirements.
Transparency is the product, not a policy.
Audit trails
Every sourcing event, approval and evaluation is traceable end to end
Role-based access
Controlled permissions across buyers, suppliers and internal teams
Supplier verification
Onboarding, verification and compliance checks before participation
Data protection
Architecture designed for controlled management of procurement information
Next step
The platform is live. The model is ready.
Thirty minutes, direct with the founding team: the product, the customer base, the financial model and the terms of the raise.
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