RetailWings Africa has entered a strategic partnership with Corner Block Services Limited to expand access to working capital for retailers by leveraging enterprise resource planning (ERP) data to support alternative credit assessment and financing decisions across Nigeria’s retail ecosystem.
The agreement, signed at RetailWings Africa’s headquarters in Lagos, brings together the retail technology firm and Corner Block Services to introduce a data-driven financing model that evaluates business performance using real-time transaction and operational data generated through the RetailWings ERP platform.
According to Brandspur Banking News Desk, the initiative is designed to address long-standing credit barriers facing small and medium-sized retailers, many of whom struggle to secure traditional bank loans due to limited collateral and inadequate financial records despite operating viable businesses.
Under the new framework, retailers using the RetailWings ERP system will be able to access working capital based on verified sales performance, inventory movement, and transaction history. This shifts lending decisions away from conventional collateral-based requirements towards measurable business activity captured digitally.
The partnership positions retail operational data as a financial asset, allowing Corner Block Services to use ERP-generated insights to evaluate creditworthiness and structure financing solutions tailored to real business conditions. Retailers who have used the platform for at least three months will be eligible to apply for funding support under the arrangement.
RetailWings Africa explained that the integration expands the value of its ERP platform beyond operational management tools such as inventory tracking, sales reporting, customer engagement, and financial monitoring, positioning it as an access point for growth capital within the retail sector.
The collaboration reflects a broader shift in Africa’s financial services landscape towards embedded finance models, where digital platforms play an active role in facilitating credit access for underserved small businesses through data-backed lending frameworks.
Both organisations said the initiative is expected to improve cash flow management for retailers, enhance inventory availability, and support business expansion by enabling faster access to financing aligned with actual trading performance.
Industry observers note that the model highlights the growing intersection between retail technology and financial services, as businesses increasingly rely on digital infrastructure not only for efficiency but also as a pathway to credit inclusion and enterprise growth across emerging markets.
