NEWS
Nomanini launches StockNow digital retailer solution
“ COVID really highlighted how important these retailers are to their communities ,” explained Vahid Monadjem , CEO , Nomanin . “ And unfortunately , their lack of access to responsible business finance solutions means that they are particularly vulnerable during and after times of crisis .“
Nomanini , a fast-growing FinTech platform in Africa , has announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa ’ s informal retailers at scale .
StockNow , an easy-to-use app for retailers developed by Nomanini , makes it possible for informal micro and small retailers to purchase stock digitally .
Going live in Tanzania with a key partner Nestlé ESAR , Nomanini ’ s launch of StockNow has formalised the relationship enabling a more strategic approach to alleviate some of the challenges experienced by retailers in Africa .
Monadjem , said : “ In response to challenges we saw retailers face during the pandemic and related lockdowns , we established the opportunity to accelerate the development of our digital working capital solutions to provide tools to help retailers keep their shelves stocked with essential goods .”
StockNow is now live and being rolled out to thousands of informal retailers in Tanzania , with plans underway to scale the solution across the continent from Mozambique to Uganda , The Democratic Republic of Congo to Egypt .
Cellulant wins ‘ Leading Payment Platform Solutions Provider ’ award in Nigeria
Cellulant , Africa ’ s leading payments company , was recently recognised as the Payment Platform Solutions Provider of the Year in Nigeria at the 13th Beacon of ICT Awards 2022 .
The award is a recognition of Cellulant ’ s work in providing a payments platform that focuses on driving merchant business and digital payments for local , regional and global merchants in the continent and digitising both online and offline payments . Renowned businesses such as Emirates , GIG logistics , Coldstone , Bolt , Dominos and Ethiopian Airlines to name a few , have partnered with Cellulant to use the Tingg digital payments solution in Nigeria .
Opeyemi Fowler , Head of Enterprise Sales , Cellulant , stated : “ The digital payments landscape in Nigeria and Africa is evolving rapidly with differing payment channels such as card , mobile money , bank transfer and cash – with volatile currency fluctuations and no single settlement framework . This is creating a highly fragmented landscape for businesses whose customers increasingly request to pay for their purchases using digital payment options . Every day , our job at Cellulant is to work with our customers and partners to solve this fragmentation in payments . This award is a testament to our work in providing a payments platform that is transforming the way people do business in Nigeria and beyond ; and a reflection of the hard work done by our people .”
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