Carsten Höltkemeyer South African payments fintech Yoco has appointed Carsten Höltkemeyer as CEO, effective 1 June 2026, ending a nine-month interim period during which co-founders Bradley Wattrus and Lungisa Matshoba have run the business as co-CEOs. Höltkemeyer joins Yoco from a long career in European banking and fintech. He served as CEO of Berlin-based embedded…
Payfast founder Jonathan Smit has acquired payment technology provider iVeri, marking a shift in South Africa’s fintech sector. Jonathan Smit | image supplied The deal brings together iVeri’s nearly 30-year track record in payment infrastructure with Smit’s experience in building and scaling digital payment platforms. Smit, who founded Payfast in 2007, led the business for…
The publication provides exclusive coverage of financial technology, blockchain, cryptocurrency, decentralised finance, and forex trading developments across Africa. Techmoni Africa, the go-to destination for Fintech, Web3, and Forex news in Nigeria and Sub-Saharan Africa, has announced its official launch. The publication provides exclusive coverage of financial technology, blockchain, cryptocurrency, decentralised finance, and forex trading developments…
Prembly, a Nigeria-based digital security and identity verification company, launched FraudLens, an open-source fraud intelligence platform designed to help financial institutions and digital businesses detect and prevent fraud. The platform aggregates fraud data from identity verification checks and reported incidents across businesses that use Prembly’s technology. FraudLens begins with data from Nigeria and aims to…
Fintech remained the largest recipient of startup investment in Africa in early 2026, but funding data shows investors expanding into logistics, transport and energy. African startups raised $575 million across 58 deals between January and February 2026, according to TechCabal. In January, fintech companies led funding activity with $131.6 million raised. Major funding rounds from…
Salvador Anglada, Optasia CEO. Artificial intelligence (AI)-led fintech Optasia has reported strong financial results for 2025, delivering revenue growth of 76% in its first full year after listing and exceeding guidance provided during its initial public offering (IPO). Optasia listed on the JSE in November last year, raising about R6.5 billion through its IPO and…
The results of the Altron FinTech Household Resilience Index (AFHRI) for the third quarter of 2025, released on Thursday, show that South African households experienced welcome — though still modest — relief during 2025. While the AFHRI recorded a healthy year-on-year improvement of 2.1% (largely in line with GDP growth rate), the average annual rise…
The founding members of the Association of South African Payment Providers. The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies. Launched by SA’s fintech industry players, ASAPP aims to help ensure fair access to payment infrastructure, reduce the wholesale cost of digital payments, and enhance transparency and…
NjiaPay has secured $2.1m (R35m at R16,66 per US dollar) in seed funding led by European investor Newion Partners to expand its payment orchestration platform across Africa. Left: NjiaPay CEO Jonatan Allback, Right: NjiaPay CPT Roderick Simons | image source: NjiaPay The Cape Town-based fintech provides software that helps businesses manage multiple payment service providers…
In this episode of ITWeb TV, Johan Gellatly, MD of Altron FinTech, discusses the company’s several initiatives to boost financial inclusion in South African townships, as well as the challenges the kasi economy is facing in regards to digital payments adoption. #Altron #Fintech #FinancialInclusion Altron FinTech is stepping up efforts to digitise payments within South…
