Tuesday, September 22

Interswitch invests in SlimTrader to build MoBiashara, hospitality platform

Interswitch is that company that carries most, if not all, of the ATM services and internet banking operations that are present in Nigeria and all. Looking to invest in start-ups and help other technological bodies realize their potential, it has then invested up to the tune of $1 million in SlimTrader, a Nigerian e-commerce platform dealing in the provision of infrastructure.

SlimTrader already has an e-commerce platform to its credit which it has named the MoBiashara and it is expected that with this funding, this e-commerce platform would be further extended to hospitality. Having already established itself as one of the best inventory managers for airports in the continent, SlimTrader is looking to widen its scope by extending this arm of service to hotels likewise hence, MoBiashara. Not stopping at keeping inventory of these hotels only, SlimTrader is also looking to rival the likes of HotelsNG and Jovago in providing booking services for its partner hotels to intending customers.

“With the funds from Interswitch, SlimTrader will now be able to ramp up operations and help more hotels expand their market reach,” the Chief Executive Officer of SlimTrader in person of Femi Akinnde has said.

This is not the first time that Interswitch has featured in the Nigerian start-up scene, its activities dating as far back as two years ago.

Leave a Reply

Your email address will not be published. Required fields are marked *