NOMANINI HOLDINGS PROPRIETARY LTD.
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.
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 we fund this project
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.
|Date||Total FMO financing|
|5/20/2022||EUR 1.00 MLN|
|5/10/2022||EUR 0.02 MLN|
- South Africa
- Financial Institutions
- Signing date
- Total FMO financing
- EUR 0.01 MLN
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)