Investors and Media

Growing Financial Inclusion through Privacy-Preserving Data Collaboration 

  • Market Segment: FinTech / Privacy & Security / Data Analytics & AI 
  • Key technologies: Cryptography, Advanced Analytics and AI 
  • Key challenges addressed: Consumer Privacy protection, compliance with global privacy regulations (GDPR, CCPA), protection against data breach, Financial Inclusion. 

Introduction

1.7 billion people around the world lack access to formal financial services.  

Our technology is changing this by enabling the Credit Bureau of the future today using AI, Cryptography & Advanced Analytics. 

We are enabling FSIs to use 1st party consumer data from consumer businesses in a privacy-compliant and secure way to understand and predict consumer behavior over 40% better than before and thereby extend services to millions of consumers who would have previously been declined.  

To date, 3.2 million individuals who would have historically been denied credit now qualify thanks to our platform. One bank has equated this to an increase of 29% in revenue. 

Our ambition is to be the Credit Bureau Platform of the Future. 

Our focus is to deliver the trust and severity often provided by traditional credit bureaus, but in the alternative data space by leveraging A.I. to enhance data acquisition, combined with secure matching and anonymization. This enables us to deliver capabilities our competitors can’t match within an $1.2 Billion core market (SAM). 

Key Stats

  • +80 of Africa and the Middle East’s largest financial services businesses and consumer businesses are on our platform, including Africa’s largest bank, largest retailer, largest insurer, as well as the world’s largest credit bureaus.
  • +160 million consumer records protected.
  • +$ 2.3 million in ARR FY23
  • +$ 5 million raised in capital to date.
  • Founded 2019 in Cape Town, South Africa.
  • 28 employees
  • 8 million individuals have received a credit score via our platform who were previously “credit invisible”
  • 3.2 million new individuals now qualify for credit who would have previously been declined due to lack of background information / credit history

2 Minute Explainer

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About Omnisient

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About the Founders

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Founder Photos and Logo

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Milestones

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News Coverage

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Blog and Press Releases

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LinkedIn Company Page

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Crunchbase Profile

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Jon Jacobson, Founder & CEO – Video Interview

Video

Investor Pitch Deck

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Contacts

Julian Diaz

Julian Diaz

Chief Marketing Officer:

Jon Jacobson

Jon Jacobson

CEO