Synatic will use the additional funds to expand its market reach in the US in preparation for Series A funding in 2023.
The company looks to scale 10 000 African start-ups in the next five years through its Africa Transformation Office.
The East Asian Consortium’s legal action against MTN is dismissed with costs, ending the Turkcell litigation.
The fund targets seed and post-seed tech start-ups in South Africa, East Africa and the continent at large.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The NCR conducts impact studies within the South African credit industry and assesses the economic position of the country as a whole, says Vaughn Hechter, head: Customer Services at NuPay & Delter.
The firm proposes that after delisting from the local bourse, shareholders will receive a cash consideration of 55.58c per share.
Buoyed by strong demand, the fintech group posts a revved-up performance for the six months ended September.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
SA consumers show growing preference for digital payments, with digital transactions surging on Black Friday.
A total of 110 514 customers have registered on e-Joburg since the system was launched a year ago.
Digitisation has a catalytic effect through the growth of services, especially in logistics, finance and insurance.
Huge Digital, launching next year, will offer branded mobile services and work with mobile network operators.
The group suffers the impact of global electronic chip supply shortages and complex supply chain dynamics.