Nomanini feature – African FinTech startups are hot property
11 JULY 2016
SummaryNomanini was featured in a piece titled ‘African FinTech Startups are Hot Property’, illustrating that financial inclusion is still a huge challenge on the continent and profiling investors and companies dedicated to solving the issue.
London-based International Finance Magazine (IMF) recently published their July – September issue, with a feature on African FinTech companies.
They featured Nomanini in a piece titled ‘African FinTech Startups are Hot Property’, illustrating that financial inclusion is still a huge challenge on the continent and profiling investors and companies dedicated to solving the issue.
Investing in fintech is on the rise, none less so than in Africa, where innovative ways of delivering financial services are required more than anywhere else. Investors are attracted by the size of the market, a significant value proposition and a huge pool of exit opportunities.
As the pioneering fintech platform for the informal retail ecosystem, Nomanini connects merchants and distributors to each other and global service providers, integrating payments, working capital, and data analytics to unlock the latent potential of Africa’s economy.
Nomanini turns any mobile device into a retail point-of-sale solution for informal merchants that is connected to an interoperable merchant wallet. The interoperable merchant wallet allows merchants to offer a broad range of digital banking (including cash-in/cash-out), mobile, utility and entertainment services to their customers boosting competitiveness. In turn, digital service providers rapidly increase the scale and reach of their offerings. By generating real-time insights based on transaction data, distributors using the platform gain a single view of their merchant network, ensuring inventory is where it is needed most to improve sales. Distributors can also begin to accept payments for goods electronically, eliminating the risk and inefficiency of collecting cash. With data analytics, Nomanini helps extend working capital loans to merchants via distributors allowing them to invest in inventory to grow their businesses. The increased volume of goods and services set against reduced operational friction increases the profits for all platform participants.
Nomanini was founded in 2010 and is headquartered in South Africa.
For more information, please visit https://www.nomanini.com