Barclays Seeker Fund invests in SA fintech startup WizzPass
The Barclays Seeker Fund has invested in South African fintech startup WizzPass following the successful completion of a proof of concept agreed after the company took part in the Barclays Accelerator earlier this year.
Launched in mid-2015 and the only South African company to take part in the recent Barclays Accelerator in Cape Town, WizzPass has developed a web dashboard that allows office employees and residents to effectively manage and book visitor parking.
The startup is revolutionising the process of entering office and apartment building car parks, allowing users to open the parking boom using only their smartphone.
The Barclays Seeker Fund invests in early-stage ventures from across Africa, disrupting and innovating across fintech and other sectors. Its investment in WizzPass comes after the company successfully completed a proof of concept with Barclays Africa by implementing its parking solution at Absa Towers.
WizzPass is now discussions over implementing a commercial agreement with Barclays Africa.
Users of WizzPass can simply log on to the dashboard, load the visitor’s email address and select the time, date and parking area. The visitor receives an email notification informing them of their booked parking and a link to download the app.
The user then simply drives up to the parking boom or gate and opens the WizzPass app, which automatically connects to the WizzPass hardware device installed in the boom or gate. The visitors swipes right on the app and the boom automatically opens. An email notification is then sent directly to reception and the host informing them of the visitor’s arrival.
Source Disrupt Africa
