Nomanini is a fintech platform that serves the informal retail ecosystem, connecting merchants and distributors to each other and to global service providers. The system turns any mobile device into a retail point-of-sale tied to an interoperable merchant wallet that supports digital banking (including cash-in/cash-out), mobile, utility and entertainment services. By integrating payments, working capital and data analytics, Nomanini gives distributors a single view of their merchant network to optimize inventory and begin accepting electronic payments. Its data analytics also enable distributors to extend working capital loans to merchants so they can invest in inventory and grow their businesses. The company plans to use the funds to expand its financial-services portfolio to include remittances, insurance and other products. Nomanini is led by founder & CEO Vahid Monadjem and is based in Cape Town, South Africa.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2019