Tag: South Africa

Lipa Payments, a South African FinTech company, has raised R10m ($660,000) in fresh funding.

Stitch, a South African API FinTech developer, has reportedly raised $21m in Series A funding round.

South Africa-based Root, as it looks to enter new markets, has collected $3m in its seed round funding.

The global spread of ransomware attacks has continued after South Africa’s Justice Department saw its network encrypted.

Globacap, which claims to be transforming capital markets, has secured an additional $9m for its Series A round.

South African telecommunications giant MTN has teamed with financial services business Sanlam to provide insurance products to subscribers of MTN in Africa.

South African payments company Yoco has secured $83m in its Series C, which it claims to be the largest single investment raised by a small business-focused payments platform in the Middle East and Africa.

South Africa-based InsurTech company Pineapple has reportedly netted $3.4m in its Series A funding round, after experiencing 200% growth in six months.

Short-term insurance advice provider Ctrl has secured a $2.3m investment from business funder Naspers Foundry.

South African bank Nedbank has teamed with payment giant Mastercard and local FinTech Ukheshe to allow its customers to pay small businesses through WhatsApp.