The digital bank reached a turning point at the end of last year and expects to break even in 2024.
The start-up will use the investment to bring merchants in Africa’s informal sector into the contactless payments fold.
The company supports Floatpays in its aim to help people avoid debt and provide support to South Africans during challenging economic times.
The specialist team offers solutions-focused consulting using a broad base of solutions to assist its customer base.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The court in Luxembourg upheld the bankruptcy application against the firm, which is now considering appeal options.
The telco will reveal a refreshed brand identity from 27 February, as part of its Ambition 2025 strategy.
The funding will allow SA-based Stitch to continue building the future of money movement in Africa.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
The Altron FinTech Sales team has restructured to cater to the ever-changing needs of the market.
The big-four bank expands its FNB Insurance unit, introducing short-term insurance for car and home, sold digitally.
iKhokha's technology payment solutions create opportunities for business owners to expand reach and efficiency at lower costs, the company says.
The company has allocated the amount over the next three years towards growing its Payment Service Provider network.
First National Bank enhances banking app functionality by adding a retirement annuity feature for customers.