Brazilian fintech EBANX plans to serve 11 African markets by year’s end

Brazilian fintech company Ebanx S.A. has disclosed plans to operate in 11 African markets by the end of 2023. EBANX expanded into Africa in September 2022 with hopes to replicate its fast growth in Latin America by placing a greater emphasis on the digital payments side of its business.

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Ethiopia’s JEMLA helps informal retailers access FMCG products

May 25, 2023

Ethiopia’s JEMLA is a B2B e-commerce wholesale platform that is helping informal retailers access a wide variety of fast-moving consumer goods (FMCGs) products. The platform connects dukas, kiosks or souqs with FMCGs, providing them with a dependable and cost-effective supply chain and distribution network customised to their requirements. In addition, the platform provides access to working capital and a range of services to help retailers expand their businesses, including data insights through the use of technology.

CDPI Emerging Markets