Simple Receivable Automation & Payments for Africa’s SMBs
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.
Company Launches
🚀 Patika - Receivable Automation & Payments for Africa’s SMBs
Active Founders
Sidney Rema
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.
Phelix Juma
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
