Standard Bank-backed fintech Nomanini eyes Ghana, Zimbabwe, Egypt expansions

South Africa’s Nomanini fintech plans to Expand in Ghana, Zimbabwe and Egypt, starting with Zimbabwe and Ghana to take place this year, CEO Vahid Monadjem tells The Africa Report on Thursday.

The firm aims $5 million in equity to finance its growth, with a larger debt round for $20 million to $40 million planned in the next 18 months.

Nomanini is a firm supplying digital commerce solutions to informal traders, as it has established in 2010.

The company’s tool can be used by merchants to integrate third-party inventory management and employee payroll systems.