Global News Hubb
Advertisement Banner
  • Home
  • Politics
  • Finance
  • Technology
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Finance
  • Technology
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Finance

Cape Town “privacy-by-design” startup Omnisient raises funding for growth

admin by admin
November 1, 2022
in Finance


Cape Town-based “privacy-by-design” startup Omnisient has raised an undisclosed amount of funding from old and new investors to support its continued international expansion and further develop its platform.  

Omnisient specialises in secure data-sharing for businesses. The startup’s platform enables businesses to unlock the benefits of data collaboration while protecting customers’ data privacy and intellectual property. 

Since launch, the platform has gained major traction amongst South African businesses, including leading banks, insurers and retailers, and last year secured US$1.4 million in funding for global expansion.

Its latest round of funding, the amount of which is undisclosed, is led by Buffet Investments and KLT, and includes other investors such as One5, ENL, Investec, Nedbank, and the Shoprite Group, which makes its second minority investment in a South African tech startup this year. 

“This round of investment will be used to support our continued geographic expansion, as well as the ongoing development of our platform into the world’s leading source of consumer intelligence that fully complies with global consumer privacy regulations,” said Jon Jacobson, co-founder and CEO of Omnisient. 

Neil Schreuder, chief of strategy and innovation at ShopriteX, the Shoprite Group’s data and customer technology unit that has been working with Omnisient for the past year, said his firm was excited by local startups that are creating value for its customers and partner businesses, whilst having privacy at the core of their offering.

“As a data-rich organisation, this investment will enable us to deepen our knowledge and understanding of our customers and their needs so that we can continue to expand on the relevant services we offer them,” he said.

“The decision to invest in Omnisient is the result of a considered effort to invest, partner and collaborate with start-ups as we continue to create a smarter Shoprite while remaining resolute in our commitment to be Africa’s most accessible and affordable retailer.”



Source link

Previous Post

Two Democrats Have Spelled Out Exactly How They Want Agencies to Improve Services

Next Post

Bank of India launches special deposit scheme; raises interest on others

Next Post

Bank of India launches special deposit scheme; raises interest on others

Recommended

Retail loans likely to become a source of systemic risk, warns RBI

1 month ago

Forest fires in Argentine Tierra del Fuego the worst ever — MercoPress

1 month ago

© 2022 Global News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Politics
  • Finance
  • Technology
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Politics
  • Finance
  • Technology
  • Contact

© 2022 Global News Hubb All rights reserved.