Prepaid Service Nomanini Secures New Funding From Seychelles Firm

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Written by Makula Dunbar

Written by Tom Jackson | From HumanIPO

South African electronic prepaid service distribution platform Nomanini has secured series B funding from Seychelles-based investment company Rockbridge Investments, with the funding set to enable the company to expand its prepaid platform across Africa and other developing countries.

The latest financing brings Nomanini’s total raised capital to over ZAR20 million (US$1.9 million), with the company now active in South Africa, Kenya and Mozambique and expanding to Nigeria, Guinea and Somalia.

“At the moment we are at a very exciting inflection point, having proven our underlying technology and business model in multiple counties. We are growing fast,” said Nomanini chief executive officer (CEO) Vahid Monadjem.

“Our investment from Rockbridge provides the rocket fuel for Nomanini to scale our business across Africa and beyond. In addition, Nomanini will benefit from the enterprise B2B business development knowledge that Vandy brings to the table.”

Read more at HumanIPO