Founded in 2019, Omnisient offers a unique solution that enables businesses to extract valuable insights from consumer data without compromising privacy.

The platform protects over 160 million consumer profiles and is currently used to assess credit risk and facilitate access to financial services for millions of underserved individuals.

The investment, led by Arise, a company focused on African financial services and fintech, will support Omnisient’s expansion into new markets and partnerships.

The company aims to create the world’s largest repository of alternative consumer data, empowering banks and insurers to extend financial services to a broader population.

“This investment aligns with our vision of using innovative fintech solutions to drive growth in Africa’s financial services sector,” said Gavin Tipper, CEO of Arise.

“Omnisient’s technology will help banks and data providers identify new customers, unlock new revenue streams, and foster financial inclusion.”

Omnisient’s co-founder, Jon Jacobson, expressed gratitude for the investment and emphasized the company’s commitment to creating a more inclusive financial ecosystem.

“We are excited to partner with Arise to expand our reach and make a positive impact on people’s lives,” he said.