African fintech firm Flutterwave launches SME e-commerce portal [TechCrunch Blog]
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Source: TechCrunch Blog
San Francisco and Lagos-based fintech startupFlutterwaveThe product is lessAmazonThe company accelerated the development of Flutterwave Store in response to COVID-19, which has brought restrictive measures to SMEs and traders operating in Africa’s largest economies.After creating a profile, users can showcase inventory and link up to a payment option. For pickup and delivery, Flutterwave Store operates through existing third party logistics providers, such asSendySendboxThe service will start in 15 African countries and the only fees Flutterwave will charge (for now) are on payments. Otherwise, it’s free for SMEs to create an online storefront and for buyers and sellers to transact goods.While the initiative is born out of the spread ofcoronavirus cases in AfricaOlugbenga Agboolaalum“It’s not a direction change. We’re still a B2B payment infrastructure company. We are not moving into becoming an online retailer, and no we’re not looking to become Jumia,” GB toldTechCrunchImage Credits
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