Project detail - NOMANINI HOLDINGS PROPRIETARY LTD.

NOMANINI HOLDINGS PROPRIETARY LTD.

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Who is our client

Nomanini Holdings Proprietary Ltd., is a SAAS FinTech company operating across Africa with headquarters in South Africa. 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

The funding objective is to strengthen Nomanini’s Corporate Governance by enabling the company to appoint an Independent Director as Chairperson.

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.

More investments

Date Total FMO financing
5/20/2022 EUR 1.00 MLN
5/10/2022 EUR 0.01 MLN
Region
Africa
Country
South Africa
Sector
Financial Institutions
Signing date
5/10/2022
Total FMO financing
EUR 0.02 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