NowNow is a digital banking platform that provides a suite of payment solutions, including mobile wallets and POS systems, enabling businesses to accept payments quickly and securely. The platform addresses the need for efficient financial transactions by offering instant payment alerts and multiple payment channels, enhancing cash flow for merchants of all sizes.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized businesses in emerging markets lack access to reliable and affordable digital payment solutions, hindering their ability to efficiently process transactions and grow their customer base. Traditional payment methods can be slow, insecure, and costly, creating barriers to financial inclusion and economic development.
Solution
NowNow provides a digital payment platform that enables merchants to accept payments via mobile wallets, POS devices, payment links, and QR codes. The platform offers instant payment notifications, multiple payment channels, and a user-friendly mobile app (MyBiz) to facilitate seamless transactions. By offering a suite of payment options, NowNow empowers businesses to receive payments quickly and securely from customers anywhere, anytime, improving cash flow and expanding market reach. The platform also provides additional services such as airtime purchases, data subscriptions, bill payments, and insurance options.
Target Audience
NowNow primarily targets small and medium-sized businesses (SMBs) and merchants in emerging markets seeking accessible and efficient digital payment solutions.
Features
- MyBiz mobile wallet for accepting and receiving instant payments
- POS devices for fast and reliable in-person transactions
- Payment link generation for remote payments
- QR code payments via NowNow QR Code stickers
- Instant payment confirmation alerts
- Integration with various payment channels
- Airtime and data purchase functionality with cashback rewards
- Bill payment options for electricity, internet, and TV subscriptions
- Insurance payment options