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# Nigerian B2B e-commerce platform Ominibiz raises $15 million to drive expansion and customer retention
- URL: https://www.techloy.com/nigerian-b2b-ecommerce-platform-omnibiz-raises-15-million-to-drive-expansion-and-customer-retention/
- Published: 2022-08-19T09:46:55.000Z
- Updated: 2022-12-07T21:00:05.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Omnibiz

[Omnibiz,](https://omnibiz.com/) a Nigeria-based B2B e-commerce platform that operates a retail distribution model, has raised $15 million in its pre-Series A funding round led by Timon Capital, in a mixture of debt and equity financing.

- The fund will be used to improve its processes of gaining customer loyalty and retention and expanding into new cities. It plans to expand to Abidjan, Takoradi, Kumasi, and Accra.
- Omnibiz provides a technology-powered platform for B2B distribution of consumer goods. It uses its apps: MyStore App and Omnibiz Retail App to operate, covering last-mile delivery, procurement, working capital, inventory management, and tools for tracking sales, costs, and profit for users.
- It aims to increase its loyal customer base from 3,000 to 10,000 next year and 4x the revenue of the retailers using its platform.
- The e-commerce startup raised $3 million in seed funding last August, with Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria, and Musha Ventures participating in its latest raise.