Qwili
Pioneering digital inclusion in Sub-Saharan Africa through an innovative software-hardware hybrid product to remove the barriers to smartphone and mobile internet access.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $1.2m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 220 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Qwili is a South African startup that operates in the digital commerce sector. The company provides a platform for individuals and businesses to sell a wide array of services and products, including airtime, data, electricity, bus tickets, TV subscriptions, appliances, and fashion items. The platform is designed to be user-friendly and accessible, allowing users to earn income by selling these services and products.
Qwili's business model is based on a digital wallet system. Merchants load their wallets with money through bank details, electronic transfers, or cash deposits. The balance in their Qwili wallet reflects the amount loaded by the merchant. They then sell products like airtime, data, electricity, and gaming vouchers, earning commissions on each sale.
The company serves a diverse clientele, from individuals looking to earn extra income to businesses seeking to broaden their online presence. Qwili's platform offers seamless integration, enabling businesses to offer a wide range of services to a diverse audience. The company also has a vast network of collection points across South Africa, bridging the digital-physical gap for customers with convenient pickups.
Qwili operates in a growing market, with increasing demand for digital services and products. The company's platform is designed to elevate user experience and loyalty, and boost engagement, positioning businesses for a future where they thrive both digitally and physically.
Keywords: Digital Commerce, South Africa, User-Friendly, Extra Income, Online Presence, Seamless Integration, Digital Wallet, Diverse Services, Convenient Pickups, User Experience.