Lagos, Nigeria – Renda, a leading third-party fulfillment solution provider for e-commerce businesses in Africa, has announced a record growth of 450% year-over-year in 2022. According to its 2022 business report, the company helped e-commerce businesses reach over 20,000 customers, including retailers and direct consumers, by fulfilling over 120,000 orders with a fulfillment rate of 92%. This equates to over $15 million in order value.
Renda uses an asset-light model to meet the ever-growing demand from the e-commerce sector. It has built a network of over 1,000 delivery and warehousing partners across 16 states in Nigeria, thereby making it easier for e-commerce businesses to grow and scale with ease.
With Renda, both local and international enterprises and medium-sized businesses can now launch and expand across Nigeria and Africa without the worries of managing their end-to-end fulfillment, allowing businesses to outsource their fulfillment to Renda while they focus on their customers and inventory.
“Technology is at the center of our solution at Renda. Our platform enables e-commerce businesses to easily search and book a storage space, monitor real-time status of their inventory, push out high volumes of orders to be processed daily, track the delivery of their orders and also ensure real-time collection and reconciliation of cash on delivery.
We are thrilled with the progress that we made in 2022 and are grateful to our partners and clients for entrusting us with their order fulfillment needs,” said Ope Onaboye, CEO of Renda. “We look forward to continued growth and success in the coming years.”
Looking ahead to 2023, Renda plans to solidify its footprint across Nigeria and further expand into two African countries. To support this growth, the key focus would be on the development and deployment of a new, robust technology platform and the hiring of key talents across its business verticals.
The company has hired David Adele as Chief Technology Officer and Rasaq Abiala as Country Head, Business Operations. David brings a wealth of experience in technology and product development, while Rasaq has a proven track record of driving growth and success in business operations. Renda is confident that their expertise and leadership will be invaluable as it continues to expand and build the infrastructure that will power the next phase of e-commerce growth across Africa.
Renda is a leading 3rd Party fulfillment solution provider that enables enterprise and medium-sized e-commerce businesses to grow and scale across Africa. From flexible storage, inventory management, order processing, on-time and in-full delivery, cash collection, and reconciliation, Renda helps businesses streamline their operations, reach more customers, and become profitable.
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