Tendo Technologies has been selected among the 20 finalists advancing to the Acceleration Phase of the timbuktoo Fintech Accelerator Programme. The finalists were chosen from the inaugural cohort of 45 innovators who participated in the boot camp to shortlist the startups with the most potential.
Over the next five months, the Acceleration Phase will focus on scaling startups by refining product development and go-to-market strategies to support growth in domestic and pan-African markets. It will also prioritize establishing partnerships through strategic collaborations to amplify impact and broaden coverage. Additionally, the programme will enhance investment readiness by facilitating connections with Africa’s leading venture capitalists and investors. Each startup in the Acceleration Phase will also receive equity-free funding of $20,000 to support their development.
Tendo is an e-commerce fintech platform enabling individuals from underserved communities to start online businesses with zero capital investment. It connects independent resellers to suppliers, offering products at wholesale prices. It generates revenue by charging a commission on products listed on its platform and taking a fee from resellers’ sales.
The platform boasts over 1,500 resellers and reaches over 16,000 customers. Last year, it acquired Shopa, the B2B e-commerce platform to deepen its reach in the informal retail sector.
