24Seven is an asset-light marketplace that enables small businesses and convenience stores to order merchandise with a streamlined, customizable platform that ensures rapid delivery and inventory financing. This solution addresses the challenges of limited access to inventory and inefficient supply chains in the African informal retail sector.
Funding
Funding not disclosed
Founders
Product
Problem
Small retailers in Africa often face challenges in procuring inventory due to limited access to efficient supply chains and financing options. This can lead to stockouts, reduced sales, and difficulties in growing their businesses.
Solution
24Seven provides an asset-light B2B marketplace that connects small businesses and convenience stores with leading brands and distributors, streamlining the ordering process and offering inventory financing. The platform provides customizable solutions that enable retailers to order merchandise with rapid delivery. 24Seven also offers a "Buy Now Pay Later" (BNPL) model to provide short-term financing, helping retailers maintain profitability and liquidity. The company's data analytics services provide insights to consumer brands, distributors, and retailers, supporting decision-making.
Target Audience
The primary target audience includes small retailers, convenience stores, distributors, and consumer brands operating in the African informal retail sector.
Features
- Customizable e-commerce platform tailored to the needs of small retailers.
- Inventory financing through a "Buy Now Pay Later" (BNPL) model.
- End-to-end B2B solutions for brands, distributors, and retailers.
- Data analytics services providing insights into marketplace stores, fulfillment operations, and delivery partners.
- Fulfillment services ensuring accurate and on-time order delivery.
- Network of warehouses providing flexible storage capacity.