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...
Fundamo founder joins Nomanini’s advisory boardCEO of Nomanini, Vahid Monadjem, said van Rensburg’s experience of growing Fundamo would be helpful to Nomanini as it looked to replicate Fundamo’s success. “Nomanini, being in the payments in emerging markets space, is in markets tangential to Fundamo's. Hannes has experience in scaling an innovative organisation and expanding its client base across dozens of countries. He is wonderfully candid about what worked and also what didn't. His experience and forthrightness, combined with share...
Nomanini announced as national winners of the UN World Summit AwardsNomanini announced as national winners of the UN World Summit Awards. As national winners, we are shortlisted for the international World Summit Award for Business and Commerce. Winners will be announced by Grand Jury by the 15th of October.
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.
Headquartered in Cape Town and founded in 2011, Nomanini has partnered with Standard Bank Group.
For more information, please visit https://www.nomanini.com