Why Flour Mills, Nigeria’s 64-year-old food giant, joined OmniRetail’s $20 million round
Flour Mills of Nigeria invested $20 million in OmniRetail, marking a shift from customer to shareholder. OmniRetail has been recognized as the fastest-growing business in Africa twice.
PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
OpenAI wants you to shop directly through ChatGPT
OpenAI is launching shopping features in ChatGPT, enabling users to find product suggestions and purchasing options. ChatGPT will provide personalized shopping recommendations based on user preferences and real reviews from the web.
OmniRetail raises $20M Series A to scale Africa’s informal retail infrastructure
OmniRetail secured $20 million in Series A funding to expand across Nigeria, Ghana, and Côte d’Ivoire. The funding round was co-led by Norfund and Timon Capital, with participation from several other investors.
OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A
OmniRetail raised $20 million in Series A funding to enhance its operations in West Africa. The funding round was co-led by Norfund and Timon Capital, marking Norfund's first direct equity investment in an African startup.
