">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Saturday, January 23, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

Saltside’s Tonaton Wants to be Africa’s Safest & Most Efficient Marketplace

Sam Wakoba by Sam Wakoba
7 years ago
in Business, Startups, Tech
5 min read
0

Related posts

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0

What Software Developers Need to Know About Burnout

January 22, 2021
0

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0

1619254_669263476499719_565928855233732102_nWhen Google shut down Trader everywhere, Investment AB Kinnevik-backed Saltside Technologies was seeing an opportunity, especially in emerging markets. The firm launched Tonaton in Ghana, Bikroy.com in Bangladesh and Ikman.lk in Sri Lanka which aim to be fraud-free marketplaces in emerging markets.

Nils Hammar, Chief Executive Officer of Saltside Technologies, said, “Our mission is to create a safe, large,and efficient marketplace for millions of peopleto make deals who could not previously access them.  We’ve witnessed first-hand how powerful efficient markets are in improving ordinary people’s lives. We want to support and foster the naturally entrepreneurial attitude which is prevalent in these markets.”

Now this general classifieds sites have reported listings are growing at 300 per cent a year, drawing in millions of views a month in a period where the vast majority of people are coming online for the first time primarily through low cost internet access on mobile phones.

Founded by former Skype employees, Saltside aims to provide vital online infrastructure for emerging markets across Africa and Asia, in local languages. Ghana’s Tonaton meaning “buy and sell” in  Ghana’s Twi is enabling local fashion designers to expand their businesses, giving them a bigger platform to showcase their craft to Ghana’s growing middle class.
 “The combined value of online advertising in Africa and The Middle East is expected to reach $2.8bn by 2016, and in Asia that figure is expected to hit $53.2bn by 2016. Yet, far too many countries in these incredibly dynamic markets are overlooked, including those with the most growth potential like Ghana, Bangladesh, Sri Lanka and many others. At Saltside, our goal is to be the forefront of enabling those markets to get online and access buyers and sellers from across their country, as well as locally,” added Hammar.
Though Tonaton claims over 600,00 unique visitors per month and an estimated 90,000-plus items listed on the site, Naspers OLX, Ringier’s PigiaMe and Kiramu and Shibsted’s TradeStable and HadiHiya are however watching Tonaton closely and apart from its success in Ghana, it might not be easy to take over other markets in Africa which are predominantly OLX-dominated.

 

Readers 2,755

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Tech

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0
Tech

What Software Developers Need to Know About Burnout

January 22, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
Tech

Google’s Project Loon, solar-powered internet balloons discontinued

January 22, 2021
0
Startups

Uganda’s Innovex raises funding from Gaia Impact Fund to enable remote monitoring for solar companies

January 22, 2021
0
Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021

Why Bernie Sanders Is A Trending Meme

January 22, 2021

What Software Developers Need to Know About Burnout

January 22, 2021

Which Tech Companies Are Employee Owned and Why?

January 22, 2021

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: