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NowNow’s Customer Growth
NowNow’s softPOS technology allows Business-in-a-Box merchants to use their mobile phone as a POS system using NFC technology.
This allows merchants to use their digital catalogue through their digital storefront, and ultimately paves the way for NowNow to eventually become a sort of Shopify for Nigeria’s MSME merchants.
As of Q1 2023, NowNow had over 60,000 merchants onboarded, and were onboarding 5000 new merchants every week.
They expect to have a merchant consumer base of over 200,000 by the end of the year.
Related Report
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The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
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