Capitec to buy fintech start-up Walletdoc for R400m

Capitec to buy fintech start-up Walletdoc for R400m

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….

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Capitec in R400m deal to acquire fintech Walletdoc

Capitec in R400m deal to acquire fintech Walletdoc

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…

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