Ukheshe has appointed Prins Mhlanga, CEO of Ocean on 76 Group, to its board of directors.
Mhlanga joins the board of the South African micro-payments platform provider in the position of non-executive director.
In a statement, Ukheshe says Mhlanga’s appointment comes at a time when it has refocused on the B2B sector and is streamlining its payment solution services.
Clayton Hayward, co-founder of Ukheshe, says the company is excited to have Ocean on 76 on board: “Prins will add immense value to the business as a shareholder, as well as playing a vital role in driving the company’s transformation strategy in becoming the dominant B2B fintech enabler across the continent.”
Hayward points out that the Ocean on 76 Group invested in Ukheshe at inception and has been actively involved in growing the company as a seed investor to where it is today, adding that the business aims to reach unicorn status within the next three years.
“We have raised just under R100 million in less than two years and acquired three companies within this period.”
He believes Ukheshe’s strong legacy in enterprise platform delivery in the banking and telco sectors makes it a great fit for the Ocean on 76 Group. Having created a range of micro services that enable rapid digital transaction propositions for clients, Ukheshe, with assistance from the Ocean on 76 Group, will strive for rapid innovation in the payment industry.
As group CEO of the Ocean on 76 Group of companies, composed of digital platforms that solve modern day business complexities, Mhlanga is said to have significant experience within the telco and enterprise sectors.
The group offers an ecosystem and network of multiple competing and cooperating business models.
“We are pleased to join the Ukheshe board and have ambitious plans, and we are confident that Ukheshe will establish itself as a leading fintech enabler across the continent,” says Mhlanga.