Afomo

Afomo is a Nigerian platform empowering informal merchants to expand sales, accept payments, and build financial identity.

Country
Nigeria
Sector
Fintech
Stage
Founded
Accelerator
Raising
Not Raising

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

Funding rounds for Afomo
Year Round Amount Investors
No funding rounds recorded.