South African card-linked instalment platform Float has expanded to the UK. South African card-linked instalment platform Float has launched its service in the UK, backed by the UK government’s global entrepreneur programme. Launched in SA in 2021, Float enables consumers to split any purchase into up to 24 interest-free and fee-free monthly instalments, using the…
Fireline won the Interledger Foundation and UCT Financial Innovation Hub Hackathon. The Interledger Foundation and the University of Cape Town’s (UCT) Financial Innovation Hub hosted their third annual fintech hackathon recently at the Hasso Plattner School of Design Thinking Afrika. The event drew 80 participants from six tertiary institutions – UCT, Eduvos, Sol Plaatje University,…
Travis Robson, CEO, Capital.com South Africa. Global fintech group and trading platform Capital.com has entered the South African market after securing regulatory approval from the Financial Sector Conduct Authority (FSCA). The group is an authorised over-the-counter derivatives provider and category one financial services provider. Capital.com South Africa may provide financial and intermediary (non-advice) services for…
Anthony Miller, CEO of Simply Financial Services. Cape-based insurtech Simply Financial Services, a Hollard Group company, believes business leaders in the SME market do not adequately consider the value of providing risk benefits to their staff. The 11-year-old firm says the segment, which consists of around 14 million employees and contributes roughly 40% towards the…
Sub-Saharan Africa is a global leader in the development of mobile financial services. Out of every ten mobile transactions worldwide, seven occur in Africa. The rapid spread of fintech, in which the Central Bank of Kenya played a key role, gave rise to the rapid development of the economic development and innovation. How It All…
MTN Group and Vodacom Group between them processed just over US$1-trillion in mobile money transactions across their most recent financial years – a milestone for Africa’s two largest telco-led fintech businesses, even as the JSE-listed operators pursue increasingly different paths to scale. Vodacom outpaces MTN on a revenue basis. In the year to 31 March…
Vodacom Group’s fintech business has surpassed 100 million customers for the first time, with the JSE-listed telecommunications operator reporting 103 million active financial services users in the year ended 31 March 2026 – cementing its position as the largest mobile money operator in Africa. The milestone, disclosed in the group’s annual financial results on Monday,…
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…
