Nigeria’s Renda, a Nigerian technology solution that simplifies order fulfillment and retail distribution for businesses in Africa, has closed a US$1.9 million pre-seed round of equity and debt funding to enhance its offerings and drive expansion. Renda will use the funding to technologically enhance its offerings, drive expansion to more cities in Nigeria and East Africa, and grow its partnership network across all active markets. “Our vision at Renda is to become the largest and most trusted fulfillment partner for e-commerce and major businesses across Africa. “Renda’s technology solution addresses a critical need in the African manufacturing and e-commerce ecosystems, offering seamless access to fulfillment infrastructure. “With the current high inflation and skyrocketing prices for shipping and storage, there has never been a better time for Renda.

Source: The North Africa Journal May 03, 2024 09:15 UTC