NOMANINI HOLDINGS PROPRIETARY LTD.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
With headquarters in South Africa, Nomanini Holdings Proprietary Ltd. (Nomanini) offers technological solutions for informal retailers across Africa, allowing them to access financial services and improve access to working capital within the FMCG value chain.
What is our funding objective?
Nomanini is raising a pre-Series B bridge round for existing and new investors to expand the team and execute on-going and new projects in the pipeline. FMO participates with an additional USD 500,000 convertible loan from the government fund MASSIF, amounting to USD 1,000,000 in total financing.
Why do we fund this investment?
Nomanini focuses on unbanked vendors, kiosk- and shop holders, while its strategic partnerships allow the FinTech platform to be one of the ?winning? models. This fits with MASSIF?s objective to support end-beneficiaries through financing local financial intermediaries and institutions.
What is the Environmental and Social categorization rationale?
Nomanini acts as a SAAS company by offering its FinTech platform and white-label solutions to banks, MFIs and FMCG manufacturers and distributors. It is classified as a E&S C risk category.
More investments
| Date | Total FMO financing |
|---|---|
| 5/10/2022 | EUR 0.02 MLN |
| 5/10/2022 | EUR 0.01 MLN |
- Region
- Africa
- Country
- South Africa
- Sector
- Financial Institutions
- Publication date
- 10/13/2020
- Effective date
- 5/20/2022
- Total FMO financing
- EUR 1.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C