Afomo
Afomo is a Nigerian platform empowering informal merchants to expand sales, accept payments, and build financial identity.
About Afomo
Afomo is a Nigerian platform that empowers informal merchants by enabling them to sell beyond their immediate foot traffic and trust networks. It facilitates secure payment acceptance and helps them build a verified trust history, which is crucial for unlocking access to formal financial services. The platform addresses the challenge faced by millions of informal businesses in Nigeria, providing them with tools to grow sales and establish financial credibility. By digitizing transactions and creating an 'AfomoRank' trust score, Afomo bridges the gap between informal trade and financial inclusion, making every transaction count. Its distinct distribution model leverages local agents for rapid, cluster-focused merchant onboarding and activation.
Funding Rounds
| Year | Round | Amount | Investors |
|---|---|---|---|
| No funding rounds recorded. | |||