Nairobi — Montran has appointed Wohoro Ndohho as Regional Executive Director for its Africa operations as the payments and capital-markets technology firm moves to deepen its presence in a region pushing to modernise financial infrastructure. Ndohho, who has over 20 years of experience in finance, infrastructure and investment advisory, will be based in Nairobi and…
Capitec group CEO Graham Lee. Capitec has entered into a binding agreement to acquire 100% of fintech start-up Walletdoc, subject to regulatory approvals. In a statement, the bank says the acquisition marks a significant milestone in its strategy to offer secure payment acceptance to Capitec Business clients and e-commerce solutions to Capitec Personal Banking clients….
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
Pepkor claims it now accounts for eight out of every 10 prepaid handsets sold in South Africa. The fintech segment was a standout performer in retailer Pepkor’s financial results for the year ended 30 September. In its annual results published today, the JSE-listed Pepkor says its fintech segment increased revenue by 31.1% to R16.6 billion…
Businesses that are required by law to collect know-your-customer (KYC) information are set to benefit from improved speed and reliability as digital identity systems become more commonplace in Africa. The banking, insurance and automotive sales sectors are among the key beneficiaries, though areas such as driver’s licence issuance, qualifications verification and criminal record checks are…
The partners aim to cultivate a generation of African digital leaders who can strike a balance between innovation and effective regulation. Cambridge Enterprise and the Securities and Exchange Commission (SEC) Nigeria have partnered to enhance Africa’s capacity to strike a balance between innovation and regulation within the continent’s rapidly evolving fintech landscape. The collaboration is…
Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion). The stock…
SME Snapshot has launched an updated version of its business management dashboard, aimed at helping small and medium-sized enterprises (SMEs) demonstrate their financial health more clearly to potential funders. Access to finance remains one of the biggest barriers to SME growth in South Africa, despite the sector contributing over a third of GDP and employing…
Lesaka Technologies has rapidly emerged as a vital fintech enabler in Southern Africa, with its strategic focus on township economies attracting national attention. Building on its broader market ambitions, the company is now demonstrating tangible impact at street and store level among consumers, traders and township entrepreneurs. Lesaka currently serves over 90 000 micro merchants and…
