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# South African startup Qwili raises $1.2 million
- URL: https://www.techloy.com/south-african-startup-qwili-raises-1-2-million/
- Published: 2022-07-29T17:36:28.000Z
- Updated: 2022-12-07T22:57:48.000Z
- Author: Techloy
- Tags: / Fintech, Tech in South Africa

Cape Town-based [Qwili](https://qwili.africa/), a startup that makes digital products and services accessible to digitally excluded and unbanked consumers, has raised $1.2 million in seed funding.

- The company plans to use the funding to scale up its low-cost NFC-enabled smartphone Qwili Pula which allows merchants to send and receive payments.
- Qwili's app, which comes pre-installed on all Qwili’s phones offers Point-of-Sale features, allowing merchants to use it to sell value-added services like data and pay-TV subscriptions.
- The round, led by South African venture capital firm E4E Africa and participation from Strat-Tech, Next Chymia, Untapped Global and Codec Ventures, and others, comes after a year after the startup closed an undisclosed pre-seed round.