Adumo empowering SME growth through digital payments

It is always very important for merchants to embrace fintech solutions as a safeguard against the challenges posed by fluctuating trade cycles across different industries in today’s business landscape.

Adopting innovative financial technologies means that merchants can effectively mitigate the risks associated with inadequate cash flow management, thereby fortifying their resilience and stability in the market.

It is at this point that Adumo comes in, because when adopting this payment option, merchants gain access to an industry-leading suite of point-of-sale systems, supported by specialised back-office technology, creating a seamless reporting system for their business transactions.

The benefit for Adumo merchants is a fully connected and digital suite of handheld POS devices, smartphone apps and integrated computer systems, allowing them to gain full visibility and control over their income and expenditure to effectively manage their payments.

Adumo’s payment solutions empower merchants not to rely much on cash transactions, bringing positive impacts for security, sustainability and data gathering. The transition to cashless environments, accompanied by the automatic recording of POS payments, allows merchants to unlock funding opportunities through adumo Capital. This gives merchants the ability to purchase additional stock, improve their business premises or make necessary alterations as they grow, ensuring that they stay abreast of the times.

Provided through a partnership with Retail Capital, a division of TymeBank (a leading SME funder), Adumo Capital offers seamless pre-approved funding options to a multitude of industries, including restaurants, retail stores, FMCG brands as well as beauty and guest houses.

Paul Kent, the CEO of Adumo emphasises that the partnership aligns with the vision to be a catalyst of growth for African businesses.

Retail Capital GM Rean Bloem is enthusiastic about this strategic partnership with adumo, highlighting the shared commitment to enabling sustainable growth of SMEs and, in turn, creating jobs and improving the economy. Both companies understand the realities of running a sustainable business and are now in a stronger position to helping SMEs grow.

The two companies are expanding their reach to a larger base of businesses, providing opportunities to more merchants. “This partnership is a natural fit for us. Our goal is to help SMEs flourish and grow. We accomplish this by providing flexible funding options to secure vital capital precisely where it is most needed. Whether it means bridging challenging times to meet creditor obligations or fuelling business expansion during periods of prosperity, our solutions empower merchants to optimise financial resources strategically. With our support, businesses can navigate both the rough and smooth waters of trade, ensuring long-term success and sustainable growth,” said Bloem.