FMO has invested in fintech platform Nomanini to further boost its pan-African expansion. The participation is a $500,000 convertible loan from the government fund MASSIF.

Nomanini focuses on unbanked vendors and shopkeepers. It connects merchants and distributors to each other and global service providers, integrating payments, working capital, and data analytics to unlock the latent potential of Africa’s economy.

Over the past year, Nomanini has more than doubled the number ...