Small and Medium Enterprises (SMEs) are a crucial part of the Nigerian economy, accounting for over 90% of all jobs, and make a significant contribution to the nation’s GDP. They are also responsible for moving essential consumer goods to the millions of Nigerians.
However, despite the importance of these enterprises, these businesses often grapple with numerous challenges, particularly in terms of market accessibility, distribution efficiency, as well as the lack of access to credit facilities.
RedCloud is committed to solving these challenges for small businesses across emerging markets with Open Commerce technology by re-imagining how consumer goods are bought, sold, and paid for. Instead of having to rely on cash payments, manual sales processes, and an inefficient distribution chain, RedCloud has built the world’s first Intelligent Open Commerce Platform to remove all the barriers to free and profitable trade across emerging markets.
With our proprietary Intelligent Open Commerce Platform, SMEs can instantly access a wide range of sellers and products so that they can easily restock their stores and start selling. Now, merchants in even the most remote of locations can buy all their stock from multiple sellers at prices they can afford, pay online, and even have the products delivered right to your store. Gone are the days of having to travel long instances while carrying cash, to pick up new stock for their stores.
RedCloud’s Intelligent Open Commerce Platform, in line with our vision to transform trade for the next billion retailers across emerging markets, is already serving thousands of SMEs across Nigeria and helping unlock above-average sales growth. It is in line with this vision that we are proud to sponsor one of the biggest SME tradefairs in Nigerai – The Trade Lenda SME Trade Fair.
With over 5,000 registered small businesses and wholesalers, this event on 19th August at Landmark Events Center, Victoria Island, Lagos is set to be a game-changer. It offers an unprecedented opportunity for FMCG brands, wholesalers, and retailers to forge valuable connections and expand their horizons.
What’s more! Our Head of Product, Adeyemi Ogunyemi, will be hosting a masterclass for SMEs and Wholesalers on how they can leap into the future by digitizing their businesses. The masterclass titled “How to Digitize your Business for Growth” will show how SMEs can start intergrating smart technology like artificial intelligence into their processes to streamline their operations, make informed decisions, and achieve unparalleled growth.
Finally, Retailers attending the fair can pitch their innovative business ideas and stand a chance to win a grant of ₦5 million. Just think of what that can do for your business! To help increase your chances of getting selected for the grant, we held a LIVE session on Facebook where our Head of Marketing, Olaoluwa Ayesa shared in details, how to craft the perfect pitch and snag that ₦5 million grant. You can watch the recording here
Looking forward to seeing you there!