Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and retail media space.
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
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Furthering Omnisient’s Financial Inclusion Agenda
The South African fintech startup, Omnisient, recently secured a $7.5 million Series A investment from the African investment company Arise. The investment is expected to support the startup’s mission of furthering financial inclusion across Africa and beyond.
According to a statement, Omnisient’s data privacy and collaboration platform enables data owners and consumers to collaborate and extract commercial insights without compromising consumer privacy. The platform also provides a secure environment for data analysis.
By securing investment from Arise, the South African fintech startup will be able to provide its technology to African, European, and U.S. markets. Commenting on Arise’s investment in the fintech startup, Jacobson, co-founder of Omnisient, said:
“Our mission is to create the world’s largest repository of alternative consumer data to grow financial inclusion. The investment from Arise will enable us to expand and partner with larger data providers. This will allow banks and insurers to extend financial services to millions more people globally, driving financial inclusion on an unprecedented scale.”
Gavin Tipper, CEO of Arise, said his company’s investment in the company aligns with its vision for a future where the growth of Africa’s financial services sector is driven by cutting-edge fintech startups. He also disclosed that Omnisient’s technology will be used by banks and data providers searching for new customers or seeking to unlock new revenue streams.
While Omnisient has already secured $7.5 million in the funding round, the Series A round is still open. Furthermore, the South African startup is still assessing prospective strategic partners for the U.S. market and the retail media space.
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