South African FinTech Startup ‘Omniscient’ Raises $7.5million Series A Funding
Hello Africa!
It’s a beautiful day and we have news from South Africa 🤗
South African fintech startup, Omnisient – Collaborative Consumer Intelligence, recently received a $7.5 million investment from Arise, a company that invests in African financial service providers that advance financial inclusion.
Omnisient is not the ordinary fintech startup. Founded in 2019, Omnisient is revolutionizing the way data is used and shared. Here’s what I mean!
As a platform for privacy-preserving data collaboration and insights, Omniscient empowers data owners and users to work together seamlessly, unlocking valuable commercial insights while safeguarding consumer privacy.
With its advanced technology, Omnisient creates a controlled and secure environment where data can be analyzed with confidence, ensuring that privacy remains at the forefront of every collaboration.
The startup’s innovative platform protects over 160 million consumer profiles, while paving the way for millions of undeserved individuals to access loans, and other essential financial services. Omnisient leverages consumer shopping behavior to enhance credit risk assessments. We can say this platform is not only protecting privacy but also opening doors to financial opportunities for those who need it most.
Seeing the awesome services Omnisient offers, we must acknowledge the founders, Jon Jacobson and Anton Grutzmacher for their massive efforts. This is a special shoutout to the entire team at Omnisient.
💥 This startup has been doing amazing things in Africa. In June, it was named a finalist of the Inclusion Changemaker 2024 Microsoft Partner of the Year Award. It is wonderful because honorees were chosen from more than 4700 nominations from over 100 countries. This global level recognition was not only a win for Omnisient, but a win for technology and innovation in Africa.
The recent investment, from Arise, will support Omnisient’s plans to take its technology to markets in Africa, the UK, the US and the Middle East.
As they work towards creating the world’s largest repository of alternative consumer data to grow financial inclusion, we wish them the best!
It’s awesome to see how much is going on in the African startup ecosystem.
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Till next time,
AfriRadar.
