Shopa Technologies

Shopa, based in Ghana, manages an online marketplace that connects informal retailers with suppliers, streamlining logistics to enhance inventory management in the African retail sector. Founded in 2020, Shopa operates as an online market for informal retail in Accra, Ghana. The company is known for its innovative approach in supporting small shop owners by providing them with efficient supply chain solutions. Shopa has completed 1 deal, with its most recent transaction occurring on November 8, 2024.

Shopa Technologies delivers a comprehensive platform that integrates logistics and technology tailored for the informal retail market in Africa. Its primary offering is a hyperlocal delivery model that ensures free delivery of fast-moving consumer goods (FMCG) to small shop owners within 1 to 4 hours of order placement. This model simplifies the restocking process, allowing retailers to order goods directly from suppliers through various channels, including calls, WhatsApp, and a dedicated app. Shopa targets small shops, often called mom-and-pop stores, across several regions in Africa, aiming to optimize their supply chain and inventory management.

Shopa operates on a transactional revenue model, fostering interactions between manufacturers, suppliers, and retailers. The company has facilitated over 63,000 transactions, reflecting a robust activity level within its ecosystem. Retailers can order goods in bulk or smaller quantities at competitive prices, thereby enhancing their profit margins. This revenue stream is supported by partnerships with over 50 manufacturers and suppliers, offering a diverse array of products to retail clients.

Additionally, Shopa provides a buy now, pay later option for retail partners, improving their cash flow management. In November 2024, Tendo Technologies Ltd. , a portfolio company of LoftyInc Capital Management and Renew Capital, agreed to acquire Shopa, with financial terms undisclosed. This acquisition will enable Tendo to expand its product offerings by incorporating Shopa’s offline distributor network, thereby creating more opportunities for entrepreneurs.

The integration of Shopa's platform will likely enhance Tendo's capabilities in serving informal retailers in Africa.