Sticitt provides a cashless payments platform primarily used by schools to enable parents and learners to pay school fees and activity costs, and is also deployed in lifestyle and golf estates, events and for a utility's water-billing payments. The company signed a 2018 deal with D6 Group (a subsidiary of Open Learning Holdings) that gives it access to almost 2,000 schools via D6's communications platform. Founded in 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff, the startup has nine employees and was initially based in Pretoria before relocating to Somerset West in Cape Town in November last year. The founders previously funded the business via a family member and an asset-manager friend; the Crucis VC investment is described as the company's first major external investment. Sticitt has also partnered with other sector players who have captive ecosystems but lack integrated payment functions, which the company uses to expand its reach. The founders' backgrounds include Kitshoff as a former banker and Dart and Wevell having worked together at a Pretoria-based tech consulting company called Limitless Virtual.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020