Qwili raises $1.2m in E4E Africa-led round

Qwili, a South African business, has received a $1.2M series capital to expand its customer base and improve its technology foundation.

In a statement on Thursday, Qwili stated that the funding round also included Strat-Tech, Next Chymia, Untapped Global, Codec Ventures, and angel investors including Ashwin Ravichandran and Kanyi Maqubela.

The 2019-founded firm Qwili offers micro and small retailers in South Africa a hybrid sales platform. Qwili was formed by Tapfuma Masunzambwa, Thandwefika Radebe, and CEO Luyolo Sijake.

In the statement, Qwili said that it would put the money toward improving hardware production and updating its software.

“We’re all about enabling people who are currently digitally excluded, to participate in the various forms of value that being digitally included has to offer,” Loyola said while explaining his products.