Sanifu

Patika's core mission is to automate debt collection for small and medium-sized businesses (SMBs) in Africa, enhancing revenue and operational efficiency. Their smartphone application replaces traditional pen-and-paper methods, allowing businesses to collect outstanding payments more effectively. Patika focuses on helping African SMBs recover the 35% of revenue typically not paid upfront, aiming to reach 50 million small businesses.

Patika has significantly impacted its market by enabling businesses to collect debts three times faster and increase payment collection by 25%. This improvement has reduced sales losses from non-payment and late payments, boosting overall business health. The company's innovative approach has transformed how African SMBs manage receivables, contributing to their financial stability and growth.