NOMANINI HOLDINGS PROPRIETARY LTD.
Who is our client
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.
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 we fund this project
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.
Environmental and social 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
- Signing date
- 5/20/2022
- Total FMO financing
- EUR 1.00 MLN
- Fund
- 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