Africa’s Omnisient shines at 2024 Finovate Awards

Let’s talk about the 2024 Finovate Awards and how Omnisient made Africa shine on the global stage!

This South African startup recently secured $7.5 million in Series A funding from Arise. At the prestigious Finovate Awards, where the world’s top innovators in fintech are celebrated, Omnisient made history by winning the Excellence in Financial Inclusion Award. They were the only African fintech recognized in this category—a huge moment for Africa in the global fintech scene!

Specializing in privacy-preserving data collaboration, Omnisient is refining how financial institutions can extend credit to the underbanked and unbanked populations. Their cutting-edge use of Privacy-Enhancing Technologies and AI allows banks to predict loan repayments for individuals with no credit history. As CEO Jon Jacobson put it, “Being the only African company recognized at Finovate this year speaks volumes about the world-class solutions Omnisient is delivering.”

This win is not just about a company—it’s about creating financial access for millions of underserved people across Africa. And this isn’t their first accolade. In 2023, Omnisient was named a Technology Pioneer by the World Economic Forum; recognized as one of Fast Company’s Next Big Things in Tech; and even represented Africa at TechCrunch’s Battlefield 200 competition in San Francisco.

So let’s raise a glass to Omnisient, a beacon of innovation and a true representation of Africa’s tech brilliance!

Here’s to even bigger achievements in the future!