Ivorian fintech Waribei secures funding to expand inventory financing solutions for local merchants
- Waribei raised €750,000 in pre-seed funding.
- Funding contributions include €500,000 from Mstudio and €250,000 from Saviu Ventures.
- The fintech aims to empower local merchants by providing access to more stock.
Waribei's approach to addressing the financing challenges faced by small traders, especially women, is commendable. By focusing on understanding the needs of their target market, they are likely to create tailored solutions that can significantly impact the informal commerce sector in Africa. This initiative not only promotes business growth but also contributes to financial inclusion in a region where access to funding is critically needed.
