Confronted with the challenge of high international export costs faced by African firms, Matthew Davey established TUNL as a solution.
South African entrepreneur Matthew Davey (photo), a University of Cape Town Civil Engineering graduate and Oxford University Geography and Environment PhD holder, is the co-founder of startup TUNL. Established in 2020 by Davey and COO Craig Lowman, TUNL aims to address export challenges for African manufacturers, designers, and retailers. The platform provides express courier options with global carriers to nearly all countries and has introduced TUNL Economy, a cost-effective export courier service from Africa.
Davey stated in December 2023 that cross-border shipping in Africa leads to an estimated annual business loss of $50 billion. Despite the presence of major carriers, high-quality products like textiles and camera accessories can be priced out of the market due to steep shipping costs. TUNL partners with these carriers, such as UPS and FedEx, to negotiate favorable rates and offer significant savings to merchants, with SMEs saving up to 50-75%.
In December 2023, TUNL secured $1 million in pre-seed financing from investors including Founders Factory, Digital Africa Ventures, E4E Africa, and Jozi Angels. This funding will facilitate the company's continued expansion in South Africa and preparation for entry into other African and emerging markets.
Before founding TUNL, Davey worked as a civil engineer for Jones & Wagener, a specialist engineering and scientific consultancy in South Africa, between 2013 and 2014. He served as an analyst with Sustainia, a consulting firm for companies and organizations, from January to June 2017. From August of the same year to February 2021, he was the managing director of Vesconite Bearings, a polymer bushings and wear materials manufacturer.
Melchior Koba