Omnisient, a South African "Privacy by Design" Startup, Raises $7.5 Million in Series A Funding to Support Expansion in Africa and Beyond
Omnisient, a South African startup founded in 2019, has secured $7.5 million in Series A funding to support its expansion in Africa and beyond. The company offers a collaboration and data information platform that preserves confidentiality, enabling data owners and users to collaborate and extract commercial insights without compromising consumer privacy.
The platform provides a controlled and secure environment for data analysis, ensuring that sensitive information remains protected. This innovative technology has attracted the attention of Arise, a company that invests in African financial services providers and fintechs that promote financial inclusion. The $7.5 million investment will support Omnisient's plans to commercialize its technology in the African market, as well as in the UK, US, and Middle East.
The funding round remains open, and Omnisient is evaluating strategic partners for the American market and retail media space.
Gavin Tipper, CEO of Arise, commented: "This investment aligns with our vision of using cutting-edge financial technologies to stimulate growth in Africa's financial services sector."
He added: "Omnisient's technology will help banks and data providers identify new customers, unlock new revenue streams, and promote financial inclusion."
With this significant investment, Omnisient is poised to revolutionize the way data is analyzed and shared, while prioritizing consumer privacy and confidentiality.
