• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise Start Up

Rensource-spinoff Sabi Closes $6M Deal, Expanding Its B2B Retail Platform Outside Nigeria

Sabi is on the edge to aggregate the bridge with the middlemen in the eCommerce marketplace.

Paul Balo by Paul Balo
November 26, 2021
in Start Up
Share on FacebookShare on Twitter

Capital Venture companies continue to raise funds to invest in the pan African digital sector as Sabi reportedly becomes the latest startup Nigerian-based B2B platform to secure a $6M deal. The Rensource spinoff Sabi, a startup company that is sponsored by CRE Ventures, Techbooky writes.

Sabi came to existence at the time when the COVID-19 outbreak was at its peak — Sabi came to the limelight as an improvisational scheme that relieves Rensource’s business restrictions influenced by the pandemic. Rensource has dedicated its operations for five years to distributing solar energy for SMEs.

On the other hand, Sabi B2B services complement the eCommerce sector especially the middleman rather than eradicating merchants in the industry, including manufacturers, distributors, retailers, and wholesalers. “Sabi is not trying to disintermediate a market full of hyper-specialization were one of the defining characteristics of the informal sector,” per Rensource’s CEO Ademola Adesina.

For context, Sabi has no physical infrastructure such as warehouses, vehicles for goods transport solutions, or the goods themselves. Sabi operates as an asset-light platform, a B2B formula that serves as a bridge to these services’ availability for merchants. Sabi’s policies monitors and processes the diverse category of merchants its serves to monitor and understand how the third parties Sabi work with, serving its merchants.”

Sabi the Rensource spinoff features vital parts that make the platform whole and workable, including the Sabi mobile app, offline agents. Supply centers, offline agents, and merchants. Every single merchant using Sabi’s service is expected to have access to the digital invoice Sabi issues, sales, analytics, and manage inventory.

Sabi provides comfort per its users’ interest and it has successfully managed to uphold its motives since Rensource secured the initial $2M deal it raised at the time its parent company newly established its subsidiary. The initial $2M was sponsored by various venture capital, including the existing CRE Ventures, Atlantica Ventures, Waarde Capital, and Janngo capitals.

Sabi services have existed in western Africa such as Nigeria and Ghana. Kenya also represented eastern Africa whereby Sabi intends to further its expansion with the funds it newly acquired from CRE Ventures and other venture capital firms. Sabi’s revenue generation will be derived from transaction fees and the financial grant its offers to its merchants.

Related Posts:

  • Pastel-1
    Nigerian Bookkeeping And Merchant Digital Platform,…
  • LF_logo_color_rgb
    Nigeria’s Pastel, A Bookkeeping And Digital Platform…
  • -1x-1 (7)
    Yellow Africa Reports Additional Business Capital To…
  • Bitkraft Ventures Led Carry1st To Complete the $27M pre-Series B Round.
    Bitkraft Ventures Led Carry1st To Complete the $27M…
  • Visa and Flocash Partnership Pose as an Expansion Scheme to Sell High-End Fintech Services to SMEs and Merchants.
    Visa and Flocash Partnership Pose as an Expansion…
  • Tabby-an-Egyptian-BNPL-startup-raises-58m-for-product-expansion
    Tabby’s Business Capital Increases After Securing A…
  • Topship-Team-Image-crop
    Nigerian Logistics Startup Topship Closed A $2.5m…
  • Topship Accelerates Past 'Bootstrapping Phase' to a Resourceful Startup Logistic Company.
    Topship Accelerates Past 'Bootstrapping Phase' to a…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: b2bstartupVC
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Google’s Antitrust Showdown, AI vs. Search, and other Headlines May 11, 2025
    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025
    • Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (577) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (710) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    May 11, 2025
    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok