Nigeria-based OmniRetail raises $20 million in Series A funding, now raised $38 million since 2019
Funding and Expansion: Nigeria-based B2B e-commerce platform OmniRetail has raised $20 million in Series A funding, bringing its total equity and debt raised to $38 million since 2019. The investment will support its expansion in Nigeria, Ghana, and Ivory Coast, focusing on embedded finance products.
Business Model Success: OmniRetail has successfully digitalized order management for over 145 manufacturers and 150,000 informal retailers, achieving profitability by 2024. The company aims to enhance its financial control over the supply chain through strategic acquisitions and improved infrastructure.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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