Patika helps small businesses in Africa to collect the 35% of their revenue that is not paid upfront. Typically, small businesses use pen and paper to track customer debts and phone calls to collect, but now they can use our smartphone application to automate this process. Our businesses, who used to lose 9% of their sales to non payment and had 16% paid late, now not only collect these customer debts 3x faster but have also getting paid 25% more. We aim to reach 50M small businesses in Africa - a $5B+ market. Sidney and Phelix, who met 10 years ago at a leadership program by Mastercard and Equity Bank, are technical founders with 5+ years experience working together to build payments platforms that processed $10M monthly GTV across Kenya, Uganda & Nigeria.
Co-Founder & CEO at Patika - Helping small businesses in Africa to collect the 35% of their revenue that is not paid upfront. Trained as a Medical Doctor (Partly). 5 Years+ experience in Banking - Extending credit to micro & small businesses in Nairobi, Kenya. In my previous company, built payments systems with $10M+ monthly GTV across Kenya, Nigeria & Uganda. Led the company into markets like Somalia, built and deployed their current national revenue collection system among others.
Co-Founder & CTO at Patika - helping Africa's small businesses improve their cashflow through Account Receivables (AR) Billing (tracking of customer debt, automated reminders and collections payments) and Cashflow Management. I previously helped 3 companies build payments systems that processed $10M in monthly GTV across Kenya, Uganda and Nigeria. I am an EE graduate from University of Nairobi with background in information systems, banking, payments integration and data science
Patika enables Africa’s SMBs to track customer debt, facilitate the repayments and manage their cash flow
My mum runs a small shop and we saw her struggle with this problem. She was spending up to 3 hours a day doing phone call follow ups and reconciliations.
SMBs in Africa are using pen and paper to record and track customer debt which is ineffective and time consuming. As a result, up to 60% is paid late and they lose as much as $2k a year to non-payments.
We are automating previously manual processes like debt repayment reminders, billing, payments and reconciliations.
A business on Patika adds their customer and the debt amount.
Patika sends automated payment reminders directly via SMS or WhatsApp.
The customer can pay them directly through the payment link they received or if paid in cash, they can record the repayment on the app and issue a receipt.