Funding Details
- Awarder
- YCombinator
- Date Award
- June 14, 2022
- Vertical
- Fintech,Payments
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2022
- Company Description
- Patika helps small businesses in Africa to collect the 35% of their revenue that is not paid upfront. Typically, small businesses use pen and paper to track customer debts and phone calls to collect, but now they can use our smartphone application to automate this process.
Our businesses, who used to lose 9% of their sales to non payment and had 16% paid late, now not only collect these customer debts 3x faster but have also getting paid 25% more.
We aim to reach 50M small businesses in Africa - a $5B+ market.
Sidney and Phelix, who met 10 years ago at a leadership program by Mastercard and Equity Bank, are technical founders with 5+ years experience working together to build payments platforms that processed $10M monthly GTV across Kenya, Uganda & Nigeria.
- Market
- Fintech
- Location
-
Nairobi,
Nairobi County,
Kenya; Remote
- Coinvestors
- YCombinator
Links