Tag: FinTech
South Africa leads the Fintech sector in the region
The country is responsible for approximately 40% of all sector revenue in Africa.
The rise of digital wallets has revolutionized the way we conduct financial transactions, offering a range of significant benefits...
Fintechs’ role in identity and financial security beyond OPTs and passwords
In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public. A report from earlier this year showed that consumers are looking for more security from their...
Fuel forecourt retailers set to capture a larger share of the R240 billion convenience...
Fuel forecourt retail has emerged as the fastest growing segment of the South African convenience retail market as fuel retailers seek to diversify their offerings and insulate their businesses against volatile...
World Economic Forum names Cape Town start-up a “Tech Pioneer”
Omnisient, the South African data analytics fintech that is accelerating financial inclusion by helping millions of people with no credit history get access to affordable credit, was selected among hundreds of...
Growing compliance to take its toll on acquiring margins unless banks act
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised...
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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By Larry Claasen
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