A Melbourne-based technology company revolutionising decentralised IoT network infrastructure across developing markets and remote regions worldwide. We are seeking an investment of AUD $49 million in exchange for 16% equity to fund our global expansion, beginning with our comprehensive deployment in Cameroon.
The business has created an innovative decentralised wireless network that combines solar-powered modems, advanced IoT connectivity, and blockchain technology to provide affordable internet access in underserved markets while rewarding network contributors through a tokenised ecosystem.
Our community-built Hotspots network leverages cutting-edge Distributed Ledger Technology and green energy innovation to address these challenges comprehensively. The Sefilata network reduces mobile internet costs, rewards communities for building localised IoT infrastructure, and enables IoT device connectivity globally. This approach creates a self-sustaining ecosystem where network participants are incentivised to expand coverage through token rewards.
With strategic partnerships already in development with CAMTEL (Cameroon's national telecommunications provider) for infrastructure security and discussions with RMIT Blockchain Innovation for smart city integration, Sefilata is positioned to transform connectivity in underserved markets while creating sustainable economic opportunities for network participants.
HISTORY AND KEY BUSINESS MILESTONES
Sefilata's journey began in 2018 when founder Paulin Tchumtcha Wembe travelled to Cameroon and observed firsthand the challenges posed by insufficient financial and telecommunications infrastructure. Initially focused on addressing banking and payment systems in Sub-Saharan Africa, the company identified a more foundational need: affordable and reliable internet connectivity.
ROADMAP AND GROWTH OPPORTUNITIES
Sefilata's growth strategy follows a carefully sequenced approach to network deployment, technology development, and market expansion over the next five years.
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