Patika (YC S22)

Simple Receivable Automation & Payments for Africa’s Small Businesses

General Information
Company Name
Patika (YC S22)
Founded Year
2021
Location (Offices)
Nairobi, Kenya +1
Founders / Decision Makers
Number of Employees
8
Industries
Payments
Funding Stage
Equity Crowdfunding
Social Media

Patika (YC S22) - Company Profile

We help small businesses in Africa to track customer debt, facilitate repayments & manage their cashflow. Small business owners in Africa are using pen and paper to record customer debt which is ineffective and time-consuming. They spend hours tracking, reconciling, and calling debtors, but still upto 60% of debt is paid late and as much as $2K a year lost to non-payments, significantly constraining their cashflow. This is the story of 85M+ small businesses in Africa. We are automating previously manual processes like debt repayment reminders, billing, payments and reconciliations. By using Patika, these small business owners have so far experienced +17% increase in cash flow and are now saving up to 3 Hours Daily of reconciliations.

Funding Rounds & Investors of Patika (YC S22) (3)

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Funding Stage Amount No. Investors Investors Date
Equity Crowdfunding $500.00K 1 Wefunder 01 Jan 2023
Seed Round $500.00K 3 True Culture Fund 01 Nov 2022
Pre Seed Round $500.00K 2 15 Jun 2022

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