What does financial inclusion look like in Ghana?Nomanini is pleased to announce that we are one of the first three partners of FIBR to launch a project in Ghana. Together with FIBR, we will use data on merchants to generate a credit scoring algorithm that would top up the float whenever the merchants require additional working capital.
Nomanini integrates with M-Pesa for merchant cash-inSouth Africa-based enterprise payments platform provider, Nomanini has announced it has integrated with M-Pesa in Mozambique to allow merchants to use mobile money agents as a means of topping up their virtual vending accounts on Nomanini terminals.
Nomanini launches new eLula platform driving efficiency for enterprise prepaid distributorsNomanini launches its second generation product, eLula, at AfricaCom 2015 today. This new platform provides enterprise prepaid distributors with more sophisticated business insights via an enhanced cloud platform, and merchants with the means to sell different types of services electronically.
Merchant solutions could be the answer to mobile money’s last mile issueThe mobile money agency system has made huge progress in increasing access to financial services and reducing the cost of transactions, though in terms of serving the “last mile” - those wishing to make single dollar transactions - there is still much to be done. But the answer may be staring us in the face, says Nomanini CEO, Vahid Monadjem.
Nomanini raises funding from impact investment firm Goodwell.South African-based enterprise payments platform provider, Nomanini, has raised an undisclosed round of funding from impact investment firm Goodwell Investments. The investment in Nomanini is the second on-the-ground investment made by Goodwell Investments in South Africa from its EUR 50 million uMunthu fund, which is targeting startups and high growth companies in the financial inclusion and fintech space in Sub-Saharan Africa. The funds and relationship with Goodwell will be used to bui...
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