Sabi B2B Marketplace Raises $38M, Valued at $300M
Sabi, a B2B marketplace, has raised $38 million in a Series B funding round valued at $300 million.
Sabi, which is present in Nigeria, Kenya, and South Africa, assists informal businesses in scaling up by providing the infrastructure required for growth. Sabi’s technology rails enable a diverse ecosystem of users, including merchants, importers, exporters, distributors, and manufacturers, to expand their capabilities and grow their businesses.
Investors present in Sabi’s Series B round were Frankfurt-based specialist fintech investor CommerzVentures, Africa-focused growth-stage investor Norrsken22, U.S.-based growth-stage funds Fluent Ventures and Proof VC as well as pan-African early-stage investors CRE Ventures and Jaango.
Sabi’s cutting-edge inventory management tool allows businesses to monitor their inventory levels in real-time, ensuring that they always have enough products to meet customer demand.
Sabi’s effective sales order management and digital ledger tools enable businesses to handle orders and payments with ease, streamlining the transaction process and optimizing cash flow.
Sabi’s payment reconciliation tool streamlines payment processing, ensuring that businesses receive timely and accurate payments for their products and services.
Small businesses can elevate their operations, improve efficiency, and discover new growth opportunities by leveraging Sabi’s comprehensive suite of business tools.