3 years ago

Omnibiz Secures $15M to Digitize Retail in Nigeria

  • Nigerian B2B e-commerce platform Omnibiz has raised $15 million in a Pre-Series A round led by Timon Capital

  • The funding consists of $5 million in equity and $10 million in debt

  • Omnibiz digitizes the retail network, connecting retailers with distributors and offering tools for inventory management, bookkeeping, and access to financial services

  • The company plans to use the funding for expansion into second-tier cities in Nigeria.

      • ProblemTechnology

      "Informal retailers in second-tier cities face challenges with last-mile delivery, procurement, working capital, inventory management, and lack of operational tools for tracking sales and finances."

      Solution

      "Omnibiz provides a fully integrated digital platform connecting FMCG manufacturers to retailers, offering last-mile delivery, procurement, working capital, inventory management, and operational tools for tracking sales, cost, prices, and profit."

      Covered on