Qwili, a South Africa-based startup, has secured a $1.2M series funding to scale in the market and boost technological infrastructure.
Qwili in a statement on Thursday confirmed that Strat-Tech, Next Chymia, Untapped Global, Codec Ventures, and angels like Ashwin Ravichandran and Kanyi Maqubela also participated in the funding round.
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Qwili, founded in 2019, is a startup that provides a hybrid sales product to micro and small merchants in South Africa.
CEO Luyolo Sijake co-founded Qwili with Thandwefika Radebe and Tapfuma Masunzambwa.
According to the statement, Qwili said it would use the investment to upgrade its app and improve hardware production.
“We’re all about enabling people who are currently digitally excluded, to participate in the various forms of value that being digitally included has to offer,” Loyola said while explaining his products.
Source: Ripples Nigeria
