# Wicrypt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wicrypt

- Industry: Software
- Headquarters: Nigeria
- Website: www.wicrypt.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Nov 8, 2021)
- Investors on record: 9

## About

Based in Nigeria, Wicrypt Limited is an innovative technology company focused on transforming WiFi networks into revenue-generating platforms through data analytics and customer engagement solutions.Wicrypt Limited provides advanced WiFi analytics solutions that empower businesses to monetize their internet connectivity. Founded in 2018 in Nigeria, Wicrypt has successfully completed 5 funding deals, with the most recent being a GRANT of USD 150,000 from Microsoft on December 11, 2023. The company has raised a total of USD 1.500 mn. The founders, Chidozie Ogbo and Ugochukwu Aronu, have been instrumental in driving the company's growth and strategy.Wicrypt offers a WiFi analytics solution that allows businesses to turn their WiFi networks into revenue-generating assets. Its primary product, the Wicrypt Hotspot Hub, enables seamless internet access while collecting customer feedback and displaying targeted advertisements. With features such as WiFi TV, access management, and real-time insights, Wicrypt caters to a diverse range of clients, from small cafes to large retail chains, primarily in Nigeria and the United States, focusing on tailored solutions to meet local business needs.Wicrypt generates revenue through a subscription-based model with plans tailored to different business requirements. It offers a free tier and essential plans priced at USD 12.99 per device, and premium plans at USD 29.99 per device. Additional revenue streams include advertising features that facilitate a revenue share between hub owners and users, enhancing engagement and incentivizing service use. Billing occurs on a monthly or annual basis, allowing for consolidated service management.In December 2023, Wicrypt Limited secured USD 125,000 in GRANT funding from Microsoft, which will be utilized to accelerate the development of a decentralized physical infrastructure network. The company aims to expand its market presence beyond Nigeria into additional regions, with specific targets for growth in North America and Europe by the end of 2024. Upcoming products include enhanced analytics tools and marketing features to further support businesses in maximizing their WiFi usage.

## Funding rounds

- Seed, Nov 8, 2021, $1.5M — Outlier Ventures, Chain Capital, Pluto Digital PLC, AU21 Capital, N7 Labs, Inclusion Capital, Occam.fi, PolkaFoundary, Onega Ventures

## Investors

- Outlier Ventures — Seed
- Chain Capital — Seed
- Pluto Digital PLC — Seed
- AU21 Capital (https://capitalatlas.ai/funds/au21-capital) — Seed
- N7 Labs — Seed
- Inclusion Capital (https://capitalatlas.ai/funds/inclusion-capital) — Seed
- Occam.fi — Seed
- PolkaFoundary — Seed
- Onega Ventures (https://capitalatlas.ai/funds/onega-ventures) — Seed