Sabi, a B2B marketplace, has announced the completion of a $6 million bridge round to support its continuing rapid expansion in Nigeria and beyond. Sabi, which was founded last year as a spin-off from energy startup Rensource, is optimizing Africa’s informal commerce sector by providing merchants and resellers with selected business tools and services that…
Written by TOM JACKSON The story formation of Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, is not a common one, with the beginnings of the company traced back to another Nigerian startup – Rensource. Rensource, which launched in 2016 and raised US$20 million in funding in 2019, is a renewable energy and merchant…
Nigerian B2B marketplace Sabi raises round of seed funding as it hits 150k merchant mark Written by TOM JACKSON Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, has secured a seed funding round as it announces the milestone of over 150,000 small business users on its platform. In stealth mode since last year, Sabi is…