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Investors Arm Refold AI $6.5m to Eliminate Enterprise ‘Integration Tax’

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By Aduragbemi Omiyale

An Artificial Intelligence (AI) startup, Refold AI, has completed a $6.5 million round in seed funding to develop a platform that removes API complexity into repeatable, productized software with AI.

Every year, companies pay about $350 billion to big consultancies and systems integrators to ensure API’s work smoothly, but Refold AI is coming to end this tax on business with an AI-native infrastructure.

In a statement shared with Business Post, it was disclosed that this seed funding was led by Eniac Ventures, Tidal Ventures, with participation from Better Capital, Ahead VC, Karman Ventures, Z21 and other notable angels.

The company will use the new capital to expand its engineering team, deepen product integrations, and support its growing enterprise customer base.

Refold AI currently works with over 30 paying enterprise customers, including Incorta and Naehas, has grown 2X in two months, supporting more than 1,500 active users and processing 30+ million API calls per month, with ARR already in the seven figures.

The startup flips the traditional playbook. Instead of hiring teams or middleware to maintain system connections, companies can deploy Refold’s autonomous agents – small AI programs that learn how systems interact, write and maintain integration code, and adapt automatically as software changes.

The platform is already being used to manage ERP-to-CRM syncs, finance automation, and mission-critical supply chain flows across its early customer base.

Refold’s platform is built on three-layered architecture that supports everyone from engineers to end users. At the foundation are Workflow Code Agents, used by solution engineering teams to generate, test, and maintain integration logic without boilerplate. On top of that sits MCP Chains, a natural language interface where business teams can describe outcomes and have agents generate working workflows automatically.

For SaaS product teams, Refold also includes an Embedded Integrations Platform — a plug-and-play toolkit for offering native integrations, complete with prebuilt UI components. Together, these layers let teams turn edge-case service requests into repeatable software products in days, not months.

While legacy iPaaS tools offer templates and global consultancies bill by the hour, Refold turns every edge-case request into a repeatable, productized agent. The platform’s incentives are flipped: it profits not by extending complexity, but by eliminating it. At its core, Refold combines reasoning and reinforcement learning to enable agents that make decisions.

Refold’s agents have already delivered real results. In production, they’ve automated reconciliation in finance workflows, unified inventory and order systems for supply chains, and built real-time data sync pipelines across ERP and CRM stacks. Previously, these were multi-quarter projects. Refold ships them in days and maintains them without tickets.

With a 20-person team across San Mateo and Bangalore and plans to grow to 30 by year-end, Refold is now focused on deepening its enterprise integration catalog and pushing toward zero-friction deployment.

“We were spending more time managing chaos than building software. We started Refold with a simple idea: integrations are repeatable and cumbersome, it should not need humans,” the chief executive and co-founder of Refold AI, Jugal Anchalia, said.

Also, the CPO and co-founder of Refold AI, Abhishek Kumar, noted, “We’re not building another workflow tool. We’re replacing the consultant economy with agents that learn and scale. In the future, integrations should be free, fast, and invisible.”

One of the investors, Hadley Harris from Eniac Ventures, said, “As we enter the agentic era, enterprise integrations stand out as one of the most compelling and valuable use cases.

“For decades, companies have burned billions on brittle, bloated workflows. Refold has rebuilt the stack from the ground up to make integrations seamless and intelligent, and the market is already catching on.”

Another investors, Nicholas Muy from Tidal Ventures, said, “Finally, someone is fixing the most broken part of enterprise software. For decades, we’ve been patching integrations with expensive consultants and manual work. Refold’s AI agents don’t just patch the problem—they eliminate it. This is a fundamental leap forward.”

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NCC, CBN Implement 30 Seconds Refunds for Failed Airtime, Data Purchases

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By Adedapo Adesanya

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have introduced new rules that will ensure faster refunds for failed airtime and data purchases, following rising consumer complaints over debits without value.

Under the new rules, refunds are expected to be completed within 30 seconds, except where a transaction remains pending, in which case the resolution can take up to 24 hours.

The new framework, contained in a statement issued by NCC’s Head of Public Affairs, Ms Nnenna Ukoha, on Thursday, targets unsuccessful transactions linked to network downtime, system failures and human errors that affect subscribers nationwide.

According to the statement, the guideline was developed after months of joint engagements involving telecom operators, banks, value-added service providers and other industry stakeholders.

The NCC said the framework brings the financial and telecommunications sectors up to speed on how failed transactions are handled and resolved.

“These engagements were prompted by a rising incidence of failed airtime and data purchases, where subscribers were debited without receiving value and experienced delays in resolution.

“The framework represents a unified position by both the telecommunications and financial sectors on addressing such complaints.

“It identifies and tackles the root causes of failed airtime and data transactions, including instances where bank accounts are debited without successful delivery of services,” she said.

Under the framework, Ms Ukoha said mobile network operators and banks are bound by a service level agreement that clearly defines their roles in transaction processing and refunds.

She emphasised that operators are also required to notify customers by SMS on the status of every airtime or data transaction.

The rules also address erroneous recharges to ported lines, incorrect airtime or data purchases, and instances where transactions are made to the wrong phone number.

On her part, the Director of Consumer Affairs at the NCC, Mrs Freda Bruce-Bennett, said the framework also introduces a central monitoring system to improve oversight.

She said the dashboard will be jointly managed by the NCC and the CBN to track failed transactions, refunds and breaches of service timelines in real time.

“We are grateful to all stakeholders, particularly the CBN and its leadership, for their tireless commitment to resolving this issue and arriving at this framework,” she said.

The official said failed top-ups are among the top three complaints received by the commission, adding that implementation of the framework is expected to begin on March 1, subject to final approvals and completion of technical integration by all operators and banks.

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Nigeria, Google in Talks for New Undersea Cable

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By Adedapo Adesanya

The Nigerian government is in advanced talks with Google for a new undersea cable to strengthen the country’s digital connectivity and resilience.

The country wants to augment existing undersea links with Europe, said the chief executive of National Information Technology Development Agency (NITDA), Mr Kashifu Inuwa Abdullahi, as per Bloomberg on Tuesday.

Mr Inuwa said this was necessary at this time, calling Nigeria’s current reliance on cables that follow the same path “a single point of failure.”

Google earlier this year said it plans to expand its digital presence significantly in Africa with the development of four new strategic subsea cable connectivity hubs in the north, south, east, and west regions of the continent.

Already, Google is investing $2.1 million to accelerate Nigeria’s artificial intelligence (AI) growth, aiming to create one million digital jobs and bolster the country’s expanding technology economy.

This is aligned with Nigeria’s National AI Strategy, which is expected to play a meaningful role in the nation’s broader digital transformation. Projections indicate that AI could contribute up to $15 billion to Nigeria’s economy by 2030.

The fund will support partnerships with local organisations. To achieve these aims, the funding will support partnerships with local organisations working in digital skills development and cyber security.

The investment further signals global trust in Nigeria’s technology sector and underlines the nation’s role as a leader in Africa’s digital transformation. As new opportunities emerge, Google believes it support is set to help shape Nigeria’s economy and its place on the global technology stage.

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Airtel Africa, SpaceX to Launch Starlink Direct-to-Cell Connectivity

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By Modupe Gbadeyanka

An agreement for a satellite-to-mobile service that will benefit millions of people in Africa has been entered into between Airtel Africa Plc and SpaceX.

This service is through the introduction of Starlink Direct-to-Cell satellite connectivity across all the 14 markets of Airtel Africa that serve 174 million customers.

Through this partnership, Airtel Africa customers with compatible smartphones in regions without terrestrial coverage can have network connectivity through Starlink, which is the world’s largest 4G connectivity provider (by geographic reach).

The satellite-to-mobile service will begin in 2026 with data for select applications and text messaging.

This agreement also includes support for Starlink’s first broadband Direct-to-Cell system, with next-generation satellites that will be capable of providing high-speed connectivity to smartphones with 20x improved data speed. The rollout will proceed in line with country-specific regulatory approvals.

Airtel Africa is the first mobile network operator in Africa to offer Starlink Direct-to-Cell service, powered by 650 satellites to provide seamless connectivity to its customers in remote areas.

The partnership reinforces Airtel Africa’s commitment to bridge digital divide and offer seamless connectivity to its customers.

Airtel Africa and Starlink will continue to explore additional collaboration opportunities to further advance digital inclusion across the continent.

“Airtel Africa remains committed to delivering great experience to our customers by improving access to reliable and contiguous mobile connectivity solutions.

“Starlink’s Direct-to-Cell technology complements the terrestrial infrastructure and even reaches areas where deploying terrestrial network solutions are challenging.

“We are very excited about the collaboration with Starlink, which will establish a new standard for service availability across all our 14 markets,” the chief executive of Airtel Africa, Mr Sunil Taldar, said.

Also commenting, the Vice President of Sales for Starlink, Ms Stephanie Bednarek, said, “For the first time, people across Africa will stay connected in remote areas where terrestrial coverage cannot reach, and we’re so thrilled that Starlink Direct-to-Cell can power this life-changing service.

“Through this agreement with Airtel Africa, we’ll also deliver our next-generation technology to offer high-speed broadband connectivity, which will offer faster access to many essential services.”

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