Imalipay teams up with Renda to support ecommerce businesses across Africa
Global fintech-as-a-service provider ImaliPay has partnered with third-party ecommerce fulfilment solution Renda to help ecommerce businesses across Africa fulfil orders.
Starting in Nigeria, the partnership intends to simplify and “streamline” the process of order fulfilment for enterprise and medium-sized businesses, by combining ImaliPay’s secure and modular API fintech-as-a-service platform with Renda’s order fulfilment network.
Imalipay deploys API infrastructure to power embedded financial products and services that are designed to promote the operational efficiency of online businesses and drive revenue growth and has a four-strong product range, including automated reconciliation, a buy now, pay later “engine”, payments and ledgers-as-a-service.
Sanmi Akinmusire, co-founder and chief operating officer of ImaliPay, said: “Our goal is to drive growth, increase efficiency and bring innovation to the table through modular API technology, making this partnership timely for both startups.”
Renda enables ecommerce businesses to search and book a storage space, monitor the real-time status of their inventory, push out high volumes of orders to be processed daily, track the delivery of their orders and ensure real-time collection and reconciliation of cash on delivery.
The total value fulfilled by Renda to date is more than $10 million and it has achieved a fulfilment rate of 96%, according to its website.
It counts Marketforce360, Omnibiz and Kyosk among its clients.
Ope Onabaye, founder and chief executive officer of Renda, said that having a “supportive and knowledgeable fintech partner is crucial when looking to expand into new markets” and is “a common challenge many businesses face”.
“ImaliPay’s service aims to revolutionize payment processes by digitizing transactions and providing a consolidated view of payments through our platform,” Onabaye added.
“This will allow for the convenience of de-cashing, streamlining financial management and making transactions real time.”