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Tag: FinTech

Fintech company acquired in R1.5bn transaction

CROSSFIN, a player in the South African fintech industry, has been acquired by a consortium of investors (“Consortium”). The transaction will see Crossfin secure the required capital to pursue the next phase...

Yoco cashes in

YOCO, the fast growing Cape Town-based fintech business, has underlined its longer term potential by raising a not insubstantial $83 million (almost R1.25 billion) in its latest fundraising effort. Yoco, which has...

Fintechs are reshaping the SME landscape in SA

SMEs around the world have been severely affected by the Covid-19-induced economic downturn. Maintaining working capital, a key challenge faced by SMEs has become an even more urgent concern amidst the...

Selpal comes to town?

WITH seven years operations in Gauteng, Selpal - a financial technology solutions (fintech) company that operates specifically in townships and rural sectors of the economy is now ready to spread its...

The future of Fintech

Far from the panic of Y2k and the limited capabilities of the Nokia 3310, consumers in 2020 have a world of financial services accessible on their smartphones. With an 82% Fintech...

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Western Cape remains an attractive destination for foreign direct investment

Global foreign direct investment (FDI) flows recovered to US$1.58 trillion in 2021, up from US$963 billion recorded in 2020 and higher than pre-pandemic...

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