Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa.
The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa to earn and grow a business using the power of their smartphone.
The platform gives resellers access to thousands of products at wholesale prices, allowing them to set their own profit margins and promote listings on social media platforms like Facebook and WhatsApp. Tendo handles payments, delivery, and logistics, ensuring resellers receive their earnings without managing inventory or fulfillment.
“Our mission is to create opportunities for individuals to build businesses with minimal risk,” said Felix Manford, co-founder and CEO of Tendo. “By providing a seamless platform that takes care of inventory and delivery, we empower anyone to start earning online from home.”
“Tendo is transforming the way people approach entrepreneurship,” said Nicholas Clerk, Investment
Ecosystem Development Manager at Renew Capital. “Their platform removes traditional barriers to entry, enabling individuals to earn income and build businesses using just their smartphones.”
