By Tom Jackson
Kenyan fintech startup Tanda is working to revolutionise access to essential goods and financial services for micro-retailers through its digital platform.
Founded last year, Tanda allows shop owners to access inventory on credit, and also become access points for essential services such as airtime, utility payments, banking and insurance services for their customers.
The platform aggregates all major financial services providers, allowing agents to vend various digital products, while it also delivers essential goods to shops. Tanda also extends unsecured credit to its agents.
“For the longest time, shopkeepers have been the cornerstone for African communities,” said Geoffrey Mulei, Tanda’s chief executive officer (CEO). “Despite being the preferred financial services vendors by most consumers, many still face barriers to becoming agents, routinely struggle to get consistent supplies to their shop due to unreliable suppliers, and do not have any credit history nor access to financing.”
Tanda fixes all this. It allows merchants to sign up to become bank and mobile money agents, and also handles inventory management and fulfillment. Merchants can buy from local wholesalers, and also do so on credit. For Mulei, the whole thing is personal.
“I spent a large part of my childhood working as a shopkeeper’s assistant. This gave me Click here to read entire article