Africa

Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria

12 days ago   |   By TechCrunch

Nigeria's informal trade sector, worth over $244 billion, has more than 40 million micro, small and medium businesses.
Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services.
One-year-old Sabi - a spinoff from Rensource , an African energy company that offers power-as-a-service to customers - is the latest startup to raise funds to serve the informal sector. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm...
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