# Omnibiz Africa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/omnibiz-africa

- Industry: Internet
- Headquarters: Lagos, Nigeria
- Website: www.omnibiz.com
- Total disclosed funding: $3M
- Latest round: Seed (Sep 1, 2021)
- Investors on record: 9

## About

Omnibiz Africa is a technology-focused company that enhances digital security and streamlines user access processes through its innovative solutions, primarily aimed at mid-sized and enterprise businesses.Founded in 2019 and headquartered in Lagos, Nigeria, Omnibiz Africa offers a secure account management system that operates exclusively over HTTPS. The company has successfully completed a total of 5 deals, with its most recent funding round occurring on August 19, 2022. This funding, led by Timon Capital, raised USD 5.00 mn, contributing to a total amount raised of USD 5.00 mn. The company was co-founded by Anand Leo and Deepankar Rustagi, who also serves as the CEO.Omnibiz Africa offers a suite of innovative technology solutions that focus on enhancing digital security and improving user access processes. Its primary product is a secure account management system that ensures user data protection during online transactions. The service addresses critical cybersecurity concerns for various sectors, including finance, healthcare, and e-commerce, with a customer base spanning North America and Europe. The solutions emphasize user experience by simplifying authentication while maintaining robust security measures.The company's revenue model is subscription-based, allowing clients to access services through tiered pricing plans tailored to their needs. Transactions are typically formalized through direct contracts with enterprise clients, involving annual subscriptions that offer varying levels of support and additional features. The flagship product incorporates advanced encryption technologies, alongside premium offerings that enhance monitoring and reporting capabilities, fostering long-term partnerships with businesses committed to cybersecurity compliance.In August 2022, Omnibiz Africa raised USD 5.00 mn in venture funding, which will be utilized to expand its business reach to cities such as Abidjan, Takoradi, Kumasi, and Accra while developing its service offerings. The company aims to launch new products and services that cater to these emerging markets, enhancing its presence in the African region.

## Funding rounds

- Seed, Sep 1, 2021 — LoftyInc Capital Management
- Seed, Aug 10, 2021, $3M — Lofty Inc, Sunu Capital, Timon Capital, Musha Ventures, Tangerine Life Insurance Limited, Rising Tide Africa, Launch Africa Ventures, AR/VR Africa

## Investors

- Lofty Inc — Seed
- Sunu Capital (https://capitalatlas.ai/funds/sunu-capital) — Seed
- Timon Capital (https://capitalatlas.ai/funds/timon-capital) — Seed
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Seed
- Tangerine Life Insurance Limited — Seed
- Rising Tide Africa (https://capitalatlas.ai/funds/rising-tide-africa) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- AR/VR Africa — Seed
- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed