Tech Company Financing Transactions

Qwili Funding Round

E4E Africa, Code Ventures and private investors participated in a $1.2 million Seed capital raise for Qwili. The round was announced on 7/28/2022.

Transaction Overview

Company Name
Announced On
7/28/2022
Transaction Type
Venture Equity
Amount
$1,200,000
Round
Seed
Investors
Proceeds Purpose
It would use the investment for app development, new hires (improvement in operations and development capabilities) and hardware production.

Company Information

Company Status
Private & Independent
Industry
Mobile
Mailing Address
117 Loop Street, Ideas Cartel
Cape Town, Western Cape, 8001
South Africa
Email Address
Overview
Qwili also develops an operating system for its devices, of which the central feature is a sales portal (also a downloadable app for non-Qwili phones). Qwili agents use this sales portal to sell value-added services such as airtime, electricity and pay TV subscriptions for a commission. This enables them to generate additional income and it enables the end consumer to access products they otherwise might not have access to or would need to incur a large cost to access with ease.
Profile
Qwili LinkedIn Company Profile
Social Media
Qwili Company Twitter Account
Company News
Qwili News
Facebook
Qwili on Facebook
YouTube
Qwili on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Luyolo Sijake
  Luyolo Sijake LinkedIn Profile  Luyolo Sijake Twitter Account  Luyolo Sijake News  Luyolo Sijake on Facebook
Chief Scientific Officer
Thandwefika Radebe
  Thandwefika Radebe LinkedIn Profile  Thandwefika Radebe Twitter Account  Thandwefika Radebe News  Thandwefika Radebe on Facebook
Chief Technical Officer
Tapfuma Masunzambwa
  Tapfuma Masunzambwa LinkedIn Profile  Tapfuma Masunzambwa Twitter Account  Tapfuma Masunzambwa News  Tapfuma Masunzambwa on Facebook


 

 

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Prev: 7/28/2022: Evabot venture capital transaction
Next: 7/28/2022: DealCart venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to record every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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