Patika

Patika, previously known as Patika Technology Limited, operates primarily from Nairobi, Kenya, and offers remote services. With a team of three, Patika is entrenched in the fintech industry, specifically focusing on payment solutions. The company participated in the Y-Combinator S22 batch and is supported by notable investors such as Y Combinator, Goodwater, and Asymmetry Ventures. Patika provides a digital wallet with bank-grade security and features designed to enhance business financial operations, including automated payment reminders via SMS, WhatsApp, or Email, auto-reconciliation of payments, and support for recurring payment setups. The company targets a significant market, aiming to reach 50 million small businesses in Africa, addressing a potential market over $5 billion. Patika’s solutions cater to various sectors including wholesale distribution, rent billing, and school fee management among others. Core to Patika’s philosophy are values such as prioritizing customers, focusing on product efficiency, continuous learning, and maintaining speed and agility in operations. Businesses utilizing Patika’s services have reported a decrease in sales lost to non-payment and an increase in payments collected, significantly impacting their revenue recovery.