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Nomanini

Operating

Nomanini connects banks and distributors ​​​​​​​to Africa’s informal merchants

Updated Source: SLA Startup IndexHow we verify →
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.

Capital growthrunning total of disclosed rounds
  1. $600KSeries ASeries A, $600K, $600K raised to date
  2. $450KSeries BSeries B, $450K, $1.1M raised to date
  3. $4MSeries DSeries D, $4M, $5M raised to date
  4. $500KDebt FinancingDebt Financing, $500K, $5.5M raised to date
  5. $1MFunding RoundFunding Round, $1M, $6.5M raised to date

SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn

AnnouncedRoundLead · investorsAmount
17 Mar 2021Nomanini Funding RoundStandard Bank +1$1M
11 Feb 2021Nomanini Debt FinancingFMO$500K
27 Aug 2019Nomanini Series DStandard Bank +1$4M
21 Oct 2015Nomanini Series CNot disclosedNot disclosed
04 Aug 2014Nomanini Series BIndustrial Development Corporation$450K
01 Oct 2012Nomanini Series AeVentures Africa Fund$600K

Nomanini founders & team

Full team →

Nomanini competitorssame sector · similar funding

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  • Payment24

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  • Digitip

    Digitip offers a digital payment solution, designed to help informal laborers in South Africa get the tips. · South Africa

  • dLocal

    dLocal enables global merchants to accept and send payments across emerging markets via one API. · South Africa

  • Yoco

    Yoco is a point-of-sale payments provider for small businesses in Africa. · South Africa

All 13 Mobile Payments startups in South Africa

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.
Nomanini: Company Profile, Funding & Investors