FUNDINGUpdated 1 months ago

OmniRetail OmniPay

OmniRetail OmniPay: Nigerian asset-light B2B platform. NGN 1.3 trillion (~USD 810M) processed in 2024. NGN 19bn (USD 12M) in BNPL inventory credit. NPL ratios below 0.5%. Disburses ~USD 4M monthly.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
OmniRetail / Traction Apps
Location
Nigeria, Nigeria
Status
Open
Application Deadline
Rolling
Type
BNPL
Amount
NGN 10,000 to 5,000,000
Size
small
Language
English
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Description

OmniRetail is a Lagos-based B2B e-commerce platform whose fintech engine, OmniPay, is one of the most successful examples of African embedded SME finance. OmniPay processed over NGN 1.3 trillion (approximately USD 810 million) in transactions in 2024 and disburses approximately USD 4 million in monthly buy-now-pay-later inventory credit to small retailers using the OmniBiz platform. Critically, OmniPay maintains non-performing loan ratios below 0.5%, an order of magnitude better than typical consumer lending. OmniRetail reached EBITDA positive in 2023 and net profitable in 2024. The company integrates with 13 financial service providers and serves over 150,000 small retail stores in Nigeria.

Focus Sectors

B2B, BNPL, Inventory Credit, FMCG