Key Developments
Mastercard teams up with Nigerian B2B e-commerce platform Alerzo to digitize African SMEs
| Article

Mastercard has partnered with Alerzo, a fast-growing Nigerian startup based in Lagos, to digitize African SMEs.
The collaboration aims to drive financial inclusion and support the growth of Small and Medium-sized Enterprises (SMEs) through digital transformation.
The partnership between Mastercard and Alerzo seeks to address the challenges faced in accessing financial services and embracing digital technology.
SMEs play a crucial role in Africa’s economic development, but many of them have been constrained by limited access to formal financial services, hindering their growth potential.
Through this alliance, Mastercard and Alerzo aim to empower SMEs with the necessary tools and resources to harness the benefits of digitization fully.
By digitizing their operations, SMEs can enhance efficiency, reach a broader customer base, and streamline their financial transactions, ultimately driving growth and contributing to economic prosperity.
Alerzo has developed a comprehensive suite of digital financial services explicitly tailored for African SMEs. These services include digital payments, invoicing solutions, inventory management, and data analytics, all designed to simplify business operations and enhance financial transparency.
The strategic partnership will enable Alerzo to leverage Mastercard’s vast global network and expertise in digital payments to scale its offerings and reach a more extensive SME audience across Africa.
Through the digital solutions offered by Alerzo and Mastercard, SMEs will gain better access to formal financial services, enabling them to build credit histories and access credit facilities, which are essential for business growth.
As more SMEs adopt digital tools for their business operations, the overall business landscape in Africa is expected to become more vibrant and dynamic.
Related Articles
Register Now
Empower Africa Times Newsletter
You may also like...

ROAM Introduces Kenya’s First All-Electric Shuttle Bus Built Entirely In The Country
ROAM, a Kenyan electric vehicle (EV) company, has introduced the Move, an all-electric shuttle bus that is the first of its kind to be built entirely in Kenya.
September 19, 2023

Uber Launches Its First Electric Motorbikes in Africa in Nairobi, Kenya
Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa.
September 2, 2023

Tanzania’s Kakono gets $300 million to deliver clean energy
Powering up Tanzania: The African Development Bank Group, the French Development Agency (AFD) and the European Union (EU) have teamed up to invest $300m in Tanzania’s Kakono hydropower plant.
May 4, 2023