NOMANINI HOLDINGS PROPRIETARY LTD.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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?
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.
What is our funding objective?
The funding objective is to complement FMO’s pre-Series B financing and support the Company with a package of venture technical assistance support activities including Transaction Advisory, HR Advisory and a Client Protection Principles (“CPP”) Assessment.
Why do we fund this investment?
This venture technical assistance package includes a balanced mix of projects that supports the Company in its Series B fund raising efforts, strengthening of the Nomanini as an organization and introduce CPP. 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 0.02 MLN |
- Region
- Africa
- Country
- South Africa
- Sector
- Financial Institutions
- Effective date
- 5/10/2022
- Total FMO financing
- EUR 0.01 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