Nigerian FinTech One Kiosk has teamed up with US-based mobile financial service provider HUMBL to give its native merchants’ online ordering and delivery services a power boost.
The collaboration will see One Kiosk pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs delivery network, for contactless delivery of local goods and services such as groceries, restaurants and pharmaceuticals.
”HUMBL is proud to be putting our mobile technology solutions to work in Africa with One Kiosk,” said Brian Foote, CEO of HUMBL. “We know local customers want delivery-as-a-service, but the margin economics of that business are challenging. Local merchants can’t all build their own mobile apps, logistics, payment and delivery networks – HUMBL helps them get in the game against big box competitors.”
One Kiosk has already established itself as a way for local merchants to find and collaborate with local online ordering and delivery services in their area. By doing that, One Kiosk argued that it is able to strengthen local African economies through global technology, fair wage youth job opportunities and a local supply chain. One Kiosk currently delivers across a network of over 40,000 local merchants in Nigeria.
Adeshina Adewumi, CEO of One Kiosk, believed this part of the African economy is set to grow. “Particularly with COVID-19 – we’re seeing a boom here in Nigeria around online ordering, delivery platform and in-home service requests,” said Adewumi. “With One Kiosk, we can turn any local retailer into a HUMBL Hubs online merchant, and that’s a powerful economic driver in any community.”
Africa-based FinTech companies raised over $1.1bn across 122 transactions between 2015 and 2019, according to FinTech Global’s research. The payments and remittances subsector received 60.9% of African investment amounting to $699.5m in funding during the period. It was followed by the marketplace lending sector that netted 17.9% of the FinTech investment in the sector during this period.
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