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    Google Expands its Digital Wallet to South Africa

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    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

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    Lagos Startup Expo Commences Application for 2023 Annual Event

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    Flutterwave debunks Alleged Reports of Hacked Accounts

    Flutterwave debunks Alleged Reports of Hacked Accounts

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    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

    Jumba raises $4.5 Million Pre-seed to Expand the supply of Construction materials in Kenya.

    Jumba raises $4.5 Million Pre-seed to Expand the supply of Construction materials in Kenya.

  • FEATURED
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    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

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  • BLOCKCHAIN
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    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

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    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

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    PressOne Africa raises $600,000 Pre-seed Funding to Support Entrepreneurs

    ThriveAgric selected West African Winners of the AYuTe Africa Challenge, receiving $1 million.

    ThriveAgric selected West African Winners of the AYuTe Africa Challenge, receiving $1 million.

    Yebo Fresh raises $4.5 million to Supply Fresh Food in South Africa

    Yebo Fresh raises $4.5 million to Supply Fresh Food in South Africa

    Sky.Garden survives Shutdown, gets New Owners

    Sky.Garden survives Shutdown, gets New Owners

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Home FINANCE

Unlimint Seeks To Offer Financial Aids to SMEs Across Africa

by Nuel Umahi
November 8, 2021
in FINANCE
Reading Time: 3 mins read
0
Unlimint Seeks To Offer Financial Aids to SMEs Across Africa
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In its bid to increase its digital presence and expand the company’s clientele to SMEs across Africa, global fintech company, Unlimint – a global fintech company that provides innovators with a simple business interface that enables payments to move seamlessly has announced plans to launch its own eCommerce platform for entrepreneurs by the end of 2022.

The proposed launch, which is coming at a time when the eCommerce industry is experiencing growth, signifies a new chapter in the company’s business development strategy in line with its mission geared towards getting ready for the future.

Alex Antonov, Chief Product Officer, Unlimint stated that the world has changed but developing countries still require high-quality tools for their businesses while European merchants have easy access to any type of solution they need.

“That’s why we have set ourselves on a mission – make eCommerce affordable and available for merchants worldwide and allow them to earn an unlimited amount of money, selling their goods online, without marketplaces and other middlemen,” he said.

Antonov further added that the company believes in a free market and is certain that the internet still has space for new sellers, as the availability of choice and competition at the end of the day makes the end customer happier.

“To make our mission a reality, we are creating a product that will allow anyone to open their own online business, without big budgets and programming skills. Our product will be self-sufficient, comfortable, reliable, and honest, one that we would want to use ourselves and would recommend to our friends and partners”.

Similarly, Kirill Evstratov, CEO, said that the eCommerce platforms that currently exist in developed countries offer an entry threshold that is quite high for merchants in developing countries, while marketplaces are either unavailable or provide conditions that limit the business’ expansion.

Evstratov said, “We are entering a highly competitive market that has several strong players. Nevertheless, we are certain that our product has a clear target audience, as we are focusing it on developing markets, where current industry leaders are still not dominating because their services aren’t always customized for the local audience’s needs.

“We are ready to offer a pricing model that will make our product more interesting to that audience. We are ready to offer more profitable options of cooperation than our competitors”.

Evstratov noted that their products will include all the functions needed to start doing business online and it will be a one-stop-shop solution that eliminates any other additional external products.

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