Ghana: Renew Capital invests in e-commerce platform
Renew Capital has invested in Tendo, a platform that connects independent resellers with inventory.
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Renew Capital has invested in Tendo, a Ghana-based platform that connects independent resellers with inventory, enabling anyone to start an e-commerce business without investing any capital.
By cutting out the usual headaches like finding suppliers, managing stock or paying upfront for inventory, Tendo clears the roadblocks so anyone can start selling.
Tendo gives resellers across Africa access to thousands of products at wholesale prices, allowing them to set their own profit margins and directly promote listings on social platforms, including Facebook and WhatsApp. When a customer places an order, Tendo handles the financial transaction and delivery and sends the reseller their profit.
“Our mission is to create opportunities for individuals to build businesses with minimal risk,” said Felix Manford, co-founder and CEO of Tendo. “By providing a seamless platform that takes care of inventory and delivery, we empower anyone to start earning online from home.”
“Tendo is transforming the way people approach entrepreneurship,” said Nicholas Clerk, investment ecosystem development manager at Renew Capital. “Their platform removes traditional barriers to entry, enabling individuals to earn income and build businesses using just their smartphones.”
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