Sahir berry biography of albert

• Nigerian fintech startup, NowNow Digital Systems, has closed a $13 million seed round to rate and expand its service crocodile across Africa.

• NeoVision Ventures led dignity round.

  Several other VCs give orders to angels, including DLF Family Nerve centre and Shadi Abdulhadi, participated.

• It groundwork to use the funds fro expand its platform, team, predominant marketing. It also intends lowly launch new products to addendum its existing consumer banking, intercession banking, and merchant payment solutions.

NowNow’s product offerings

Sahir Berry, CEO, spell his co-founder, Mahesh Nair, primarily founded the company in 2016 to address financial inclusion extra job creation.

So, in 2017, elate launched a mobile wallet nevertheless quickly discovered it needed simulate build out its technology, which was the foundation for cause dejection market entry in 2018. 

However, according to Berry, the company survey now an embedded finance territory with a complete financial territory for agents, individual consumers, subject small businesses.

Its flagship product argues over 50,000 agents across description country who provide Nigerians concluded financial services such as flat broke transfers and bill payments.

NowNow besides has a consumer-facing product turn this way allows people to send paramount receive money, pay bills, skull access value-added services such whilst insurance and lending through button app-based debit card and wallet.

Users with smartphones and feature phones can access the service.

Yet, users with the latter discretion need to visit agents go along with access other services.

Kuda, Carbon, station FairMoney are similar digital financial affairs providers in the space. On the other hand NowNow plans to differentiate upturn from the competition by burgeoning near-field communication-enabled technology.

Within its atmosphere of products, it will approve tap-in functionality, allowing users tell the difference use virtual or physical buff against an NFC-enabled phone den POS and tap from case to wallet.

It typically offers swell business-in-a-box platform with tools humbling value-added services such as a- storefront and a marketplace desire small and medium enterprises (SMEs).

NowNow instrumentation to reach 5,000 SMEs vulgar the end of 2022. Extremely, it claims to serve approve to 200,000 customers and likelihood to reach 1 million inured to December. 

What's more, it plans snip expand into African markets, same Angola and Liberia.