
Nomanini
OperatingNomanini connects banks and distributors to Africa’s informal merchants
- Mobile Payments
- Cape Town, South Africa
- Funding Round
- Founded 2010
- nomanini.com ↗
- Total raised
- $6.5M
- disclosed
- Last round
- $1M
- Funding Round
- Rounds
- 6
- since 2010
- Investors
- 5
- on record
- Employees
- 11-50
About Nomanini
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 funding6 rounds
All 6 rounds →Nomanini has raised $6.5M across 6 disclosed rounds. The latest is a $1M Funding Round announced 17 Mar 2021.
- $600KSeries ASeries A, $600K, $600K raised to date
- $450KSeries BSeries B, $450K, $1.1M raised to date
- $4MSeries DSeries D, $4M, $5M raised to date
- $500KDebt FinancingDebt Financing, $500K, $5.5M raised to date
- $1MFunding RoundFunding Round, $1M, $6.5M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Nomanini
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 17 Mar 2021 | Nomanini Funding Round | Standard Bank +1 | $1M |
| 11 Feb 2021 | Nomanini Debt Financing | FMO | $500K |
| 27 Aug 2019 | Nomanini Series D | Standard Bank +1 | $4M |
| 21 Oct 2015 | Nomanini Series C | Not disclosed | Not disclosed |
| 04 Aug 2014 | Nomanini Series B | Industrial Development Corporation | $450K |
| 01 Oct 2012 | Nomanini Series A | eVentures Africa Fund | $600K |
Nomanini founders & team
Full team →- Vahid MonadjemFounder & CEO
- Dale HumbyCTO
- Kudah MushambiChief Commercial Officer
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Frequently asked about Nomanini
- Where is Nomanini based and when was it founded?
- Nomanini is headquartered in Cape Town, South Africa and was founded in 2010.
- Who founded Nomanini?
- Nomanini was founded by Vahid Monadjem (Founder & CEO).
- Who is the CEO of Nomanini?
- Vahid Monadjem is Nomanini's Founder & CEO.
- How much funding has Nomanini raised?
- Nomanini has raised $6.6M across 6 disclosed rounds. Its latest, a $1M Funding Round, was announced on Mar 17, 2021.
- Who has invested in Nomanini?
- Backers include Standard Bank, Goodwell Investments, FMO, Industrial Development Corporation and 1 other.
- What sector is Nomanini in?
- Nomanini operates in Mobile Payments, Financial Services and Retail.