Chris Folayan - Afrikan Heroes

Cellulant and Link Commerce Collaborates to improve Cross-Border Trade across Africa

July 30, 2021

A new partnership aimed to avail relevant digital payment options to online shoppers across different African countries thereby breaking barriers between local and international commerce by addressing payment needs is driving the recent partnership between Cellulant and Link Commerce.

Cellulant, a Pan-African payments company, says that the partnership with Link Commerce, a turn-key B2B eCommerce platform will aid relevant digital payment options to consumers in Africa; making it possible to purchase goods directly from global retailers online.

Figures from UNCTAD, the UN agency in charge of global trade and commerce shows that the number of online shoppers in Africa has surged annually by 18% since 2014. As of 2019, the number of digital buyers in Africa experienced an increase to 233 million. The number of e-commerce users in the continent was projected to grow significantly in the next few years, according to a Statista forecast.

In 2021, there might be some 334 million online shoppers in Africa. By 2024, there could be roughly 478 million, about double the number in 2019. The most significant contributor to this surge in e-commerce is the rapid growth in smartphone penetration over the past decade in Africa and the shift in consumer-spend behavior.

They are turning more and more to online shopping for their goods. The payments infrastructure has also evolved to offer payments solutions that enable more consumers across Africa to participate in online shopping without a bank account.

The partnership between Cellulant and Link Commerce aims to break barriers between local and international commerce by addressing payment needs and enabling African consumers to shop directly from their favorite global stores using local payment options.

Link Commerce CEO Chris Folayan stated, “With a global surge in online sales, and travel restrictions, finding the right partner to enable our customer the ability to pay locally and via mobile payment platforms is important to us. We are excited to be partnering with Cellulant as we grow cross-border trade across Africa.

Removing payment and delivery barriers by ensuring everyone can pay for and receive products directly from US/UK retailers via Link Commerce powered apps.”

Speaking on the partnership, Cellulant’s Acting CEO, Akshay Grover said that “In Africa, there are over 150 different payment channels, and in most cases, very fragmented for the consumers.

Therefore any global retailer looking to reach African consumers needs to prioritize local payments such as mobile money into their strategy.

Through our partnership with Link Commerce, we can connect consumers in two-thirds of the countries in Africa with global retailers on a single payments platform.

Consumers can shop from US or UK retailers or any global businesses of their choice and pay easily with digital methods already familiar to them.’’

eCommerce platforms can leverage the partnership between Cellulant and ink Commerce to power trade and eCommerce activity to last mile-consumers. Retail platforms such as DHL eShop and Mall for Africa are some of the eCommerce businesses benefitting from this partnership.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

DHL Expands Footnote in Africa, Acquires Stake in Link Commerce

May 29, 2020

In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing online-sales in emerging markets. With their platform, retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages payments and logistics. With the investment one of the world’s largest delivery services looks to build a broader client-base globally using a business built in Africa.

“DHL is trying to get their hands more into global e-commerce…across the world and they figured our platform was a good way to do it,” Link Commerce CEO Chris Folayan was quoted as saying. Folayan originally founded MallforAfrica, which paved the way for Link Commerce. DHL’s investment in the company — the amount of which is undisclosed — has roots in collaboration with Folayan’s original startup. MallforAfrica began a partnership with DHL in 2015 and launched DHL Africa eShop in 2019. The sales platform is powered by Link Commerce and has brought more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers in 34 countries.

Similar to MallforAfrica’s model, Africa eShop allows users to purchase goods directly from the websites of any of the app’s partners. For the global retailers selling on Africa eShop, the hurdles that held back distribution on the continent — payments, currency risk, logistics — are handled by the underlying Link Commerce operating platform. “That’s what our service does. It takes care of that whole ecosystem to enable global e-commerce to exist, no matter what country you’re in,” Folayan said. Link Commerce was built out of Folayan’s startup MallforAfrica.com, which he founded in 2011 after studying and working in the U.S.

A common practice among Africans — that of giving lists of goods to family members abroad to buy and bring home — highlighted a gap between supply and demand for the continent’s consumer markets. With MallforAfrica Folayan aimed to close that gap by allowing people on the continent to purchase goods from global retailers directly online. The e-commerce site went on to onboard over 250 global retailers and now employs 30 people at order processing facilities in Oregon and the UK. MallforAfrica’s Africa eShop expansion put it on a footing to compete with Pan African e-commerce leader Jumia — which went public on the NYSE in 2019 — and China’s Alibaba, anticipated to enter online retail on the continent at some point.

The Link Commerce, DHL deal won’t change that, but Folayan has shifted the hierarchy of his businesses to make Link Commerce the lead operation and Africa one market of many. “We changed the structure. So now Link Commerce is above MallforAfrica and MallforAfrica is now powered by Link Commerce,” Folayan explained adding that “right now the focus is on Africa…but we’re taking this global,” he added. Folayan and DHL plan to extend the platform to emerging markets around the world, where other companies may look to grow by wrapping an online store, payments, and logistics solution around their core business. That could include any large entity that wants to launch an international e-commerce site, according to Folayan. “Link Commerce is focused on banks, mobile companies, shipping companies and partnering with them to expand globally,” he said. That’s a big leap from Folayan’s original venture, MallforAfrica.com. What began as a startup to sell brand name jeans and sneakers online in Africa, has pivoted to a global e-commerce fulfillment business partially owned by logistics giant DHL.

Kelechi Deca