Global Fintech ImaliPay signs agreement with Renda to strengthen e-commerce across Africa

by James · March 1, 2023

ImaliPay, a leading global fintech-as-a-service provider, has signed a major deal with third-party e-commerce solution Renda.

The partnership will support businesses across Africa by simplifying and streamlining the order fulfillment process for enterprises and medium-sized businesses across Africa, starting in Nigeria. The two companies will deliver key services to ambitious businesses, making it easier to reach their target audiences and for consumers to access the products and services they need.

Renda is a technology-driven third-party fulfillment solutions provider that enables enterprises and mid-sized e-commerce businesses to grow and scale across Africa. It enables e-commerce businesses to easily search and order storage space, monitor the real-time status of their inventory, push out large volumes of orders to be processed daily, track the delivery of their orders and also ensure real-time collection and reconciliation of cash payment on delivery. It proudly lists Omnibiz, Marketforce360 and Kyosk among its renowned clientele.

ImaliPay is a fast-growing Fintech-as-a-Service startup that deploys API infrastructure to power embedded financial products and services that advance the operational efficiency of online businesses and drive revenue growth. It offers four main products; automated reconciliation, BNPL engine, payments and ledger-as-a-service, along with additional value-added services. ImaliPay has a diverse clientele including FleetSimplify, KeraPay, LipaLater, Propel and many others across Africa.

This partnership aims to pool the expertise and resources to create seamless and integrated solutions for e-commerce businesses in Africa. By combining ImaliPay’s secure and modular API “Fintech-as-a-Service” platform with Renda’s advanced order fulfillment network, businesses will be able to reach their target audiences and sell their products with ease and confidence.

Ope Onabaye, founder and CEO of Renda, emphasized that having a supportive and knowledgeable Fintech partner is crucial when expanding into new markets, a common challenge faced by many companies.

ImaliPay’s service aims to revolutionize payment processes by digitizing transactions and providing a consolidated view of payments through our platform. This will allow the convenience of decashing, streamlining financial management and making transactions in real time.

Sanmi Akinmusire, Co-Founder and COO at ImaliPay says, “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.

With its focus on automation and customer service, the ImaliPay and Renda partnership is poised to drive the overall growth of e-commerce in Africa underpinned by logistics and distribution excellence powered by best-in-class financial tools that contribute to the development of Africa’s economy.