Nigeria-based OmniRetail raises $20 million in Series A funding, now raised $38 million since 2019
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Funding and Expansion: Nigeria-based B2B e-commerce platform OmniRetail has raised $20 million in Series A funding, bringing its total equity and debt raised to $38 million since 2019. The investment will support its expansion in Nigeria, Ghana, and Ivory Coast, focusing on embedded finance products.
Business Model Success: OmniRetail has successfully digitalized order management for over 145 manufacturers and 150,000 informal retailers, achieving profitability by 2024. The company aims to enhance its financial control over the supply chain through strategic acquisitions and improved infrastructure.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
