As a researcher with a keen interest in fintech and financial inclusion, I am thrilled to witness the remarkable strides taken by Omnisient, a South African startup that is making waves across the globe. Having worked extensively on similar projects in the past, I can appreciate the herculean task of securing funding, especially in the realm of fintech, where the competition is fierce and the stakes are high.
As a crypto investor, I’m thrilled to announce that the fintech startup I’m associated with, Omnisient, based in South Africa, has successfully secured a Series A funding of $7.5 million from Arise – an investment firm focusing on African financial services and tech companies. This substantial investment is set to fuel our mission of expanding financial inclusion not just across Africa, but beyond its borders as well.
Established in December 2019, Omnisient specifically focuses on creating a data-sharing and collaboration tool that maintains privacy. This innovative technology facilitates secure and confidential information exchange across various industries like retail, finance, and healthcare.
Omnisient is highly regarded for allowing stakeholders to examine consumer data while ensuring privacy, thereby maintaining confidentiality. Notably, it has been honored by Fast Company as the ‘winner for social good’ and the ‘most innovative financial inclusion technology of the year’ at the Africa Bank 4.0 Summit. Additionally, TechCrunch recognized Omnisient as one of their 200 most disruptive start-ups, and it was granted the World Economic Forum Tech Pioneer title.
Omnisient to Explore New Markets with $7.5M Funding from Arise
Based on World Bank reports, approximately 1.7 billion people worldwide struggle with limited access to financial services. This lack of access hinders them from fulfilling basic needs like owning a home, receiving medical care, obtaining an education, or securing business loans. To address this issue, Omnisient’s platform, currently managing 160 million consumer profiles, uses behavioral data to evaluate credit risk and help disadvantaged individuals secure loans, insurance, and other financial services.
As an analyst, I can express this in a more natural and easy-to-read manner like so:
Wisdom Intelligence is actively pursuing acquisitions and expansion, particularly in the U.S. market and the retail media sector, during its ongoing Series A financing phase.
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2024-08-31 17:50