Today in B2B payments, three B2B platforms, Omnibiz, CBC24 and Shoptreo, are expanding to meet the needs of the buyers and sellers they serve. Plus, payments and financing startup BlueTape has raised $55 million to help it provide financing and payments services to companies in the construction industry.
Nigerian B2B eCommerce company Omnibiz has raised $15 million in a pre-Series A funding round and plans to expand further in the region. Already active in a dozen cities in Ghana and Nigeria and serving 65,000 retailers, Omnibiz said it aims to add more cities in Nigeria that have a growing retail trade and are not currently supported by a B2B platform.
Berlin-based startup CNC24 has raised 8.25 million euros (about $8.33 million) in a Series A financing round to further develop its B2B precision parts procurement platform, which helps firms source industrial components from a global supplier network through a fully digitized procurement process. One of the investors said in a press release, “In increasingly volatile markets struck by supply chain risks, CNC24 addresses a major thorn in the side of the manufacturing industry.”
Aiming to make it easier for entrepreneurs to sell African-made products throughout Africa, Nigerian startup Shoptreo is offering an online B2B marketplace that connects the continent’s artisans and manufacturers with informal retailers and vendors. The marketplace was launched in November and has served customers in Nigeria, South Africa, Ghana and Cameroon. It’s now looking to expand across the continent.
Payments and financing startup BlueTape has raised $55 million to build out its workforce, increase lending and develop new products to help construction businesses pay for building materials. CEO and Co-Founder Yaser Masoudnia said in a press release, “With the funding from Arcadia and Chicago Ventures, we will be able to help more construction companies get the financing and payments services they need to navigate economic uncertainty and supply chain issues.”
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