Logistics, data cost, payment infrastructure threatening Nigeria’s e-commerce sector –Rustagi, Omnibiz CEO
The Co-Founder and Chief Technology Officer, Oluwafemi Jose, added, “Our goal has always been to create something truly transformative. We’re excited to use this funding to accelerate our innovation; expand our team, deepen our development efforts, and bring more value to our customers and partners.”
The firm explained that it made money by charging individuals per delivery, and businesses a monthly subscription.Commenting on the seed round, The General Partner at Ventures Platform Fund, Dotun Olowoporoku, said, “We are excited to partner with Fez Delivery in their mission to bring efficiency to the logistics industry.
“This industry is characterised by high fragmentation, demand-supply mismatch, and lack of transparency, due to heavy manual processes. Seun, a second-time founder, is an excellent operator with a solid vision for the future of last-mile delivery. By developing technology to enable other market players to thrive, Fez Delivery is well-aligned with our investment thesis to support market-creating innovation in underserved industries.”All rights reserved.