Washington D.C., August 5th, 2021- Nomanini joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 230 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Nomanini to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
Over the past year, Nomanini has more than doubled the number of merchants on its platform as well as increased the number of loans fourfold, underpinning the large need for financial services and supply chain finance in the informal trade sector. As the specialist in fintech innovation for cash-first markets, Nomanini is optimising the relationship between MSMEs, financial service providers and the FMCG trade.
“We believe the key to our success is to meet the needs of retail MSMEs by providing access to digital financial services designed to grow their businesses. We create solutions that bridge the gap between financial service providers and FMCG companies which ultimately improve the livelihoods of MSME retailers. As a pioneering fintech within this sector, we find the Forum to be a key platform to raise our profile and expand our offering. As a new member, we value this opportunity to learn from, and connect with like-minded peers in the region and globally to continue to support MSME growth.” – Vahid Monadjem, CEO at Nomanini.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
Nomanini, is a pioneering fintech that provides informal retail merchants with access to digital payment solutions by combining new digital financial services with existing distribution networks to unlock value for the entire value chain. Our platform connects the informal retail ecosystem through an interoperable merchant wallet providing merchants with access to credit and stock advances in the form of loans. Nomanini was founded in 2010 and is headquartered in South Africa.
Read more info at https://nomanini.com/