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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Africa: Viktoria Ventures Wins ‘Angel Network of the Year’ for Boosting Africa’s Startup Funding

Africa: Viktoria Ventures Wins ‘Angel Network of the Year’ for Boosting Africa’s Startup Funding

Nairobi — Viktoria Ventures has been named “Angel Network of the Year 2025” at the Africa Early-Stage Investor Summit (AESIS) in Cape Town, earning recognition for its role in strengthening angel investing networks and early-stage financing across the continent. The award, presented by the African Business Angel Network (ABAN) and VC4A, highlights years of work…

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OpenAI acquires personal finance startup Roi

OpenAI acquires personal finance startup Roi

Just one day after overtaking SpaceX as the world’s most valuable private company, OpenAI announced its latest acquisition: Roi, a personal finance startup. Roi offered a “one-stop shop” for managing financial portfolios and featured an AI chatbot that provided personalized investing advice. Read: Sony ULT Field 5 Review: ULTimately Based While the details of the…

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Fintech start-up InstaPay debuts digital wallet

Fintech start-up InstaPay debuts digital wallet

Deon Tromp, CEO of Omnea. South African fintech company InstaPay has launched a new digital wallet, InstaPay Gini, aimed at underbanked and unbanked South Africans. InstaPay Gini operates as an open-loop wallet, designed to be used across a broad network of merchants rather than being tied to a single provider. The company says the platform…

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Fintech start-up Float unlocks R46-million in new funding

Fintech start-up Float unlocks R46-million in new funding

Float founder and CEO Alex Forsyth-Thompson South African fintech start-up Float has raised US$2.6-million (R46-million) in new funding for local expansion, to enhance its proprietary technology and to prepare for international growth. The four-year-old card-linked instalment platform currently serves about 2 000 retail stores and processes thousands of high-value transactions monthly, with average order values…

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