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In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5] In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data. [6] [7] In April 2021, the company began piloting its first payments product – Pay-ins. [8]
Sybrin is a software company headquartered in Johannesburg, South Africa that sells enterprise software and services to the financial services, insurance, and telecommunications industries. Sybrin implemented the first cheque truncation system in Africa, the third in the world, in Malawi. [5]
Lesaka Technologies (formerly Net 1 UEPS Technologies) is a South-African financial technology company that is listed on the NASDAQ (Nasdaq: LSAK) and Johannesburg Stock Exchange (JSE: LSK). [ 2 ] [ 3 ] Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.
Stitch, a South African fintech startup, is one of them; today, it is coming out of stealth and announcing its seed round of $4 million. In Africa, a handful of startups have launched in the past ...
Founded in 1915 by attorney William Angus Hofmeyr , Die Nasionale Pers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s, the company began to diversify, launching a subscription television service and investing in markets outside of South Africa ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Established in 2014, Ozow has headquarters in Johannesburg and Cape Town, South Africa. [4] It was co-founded by Thomas Pays, [5] Mitchan Adams, [6] and Lyle Eckstein. [7] Ozow has developed and currently operates an online automated Electronic Funds Transfer (EFT) payment gateway [8] in South Africa.
Red Dot Payment signed a Memorandum of Understanding with Finserve Africa Limited at the opening of Enterprise Singapore Nairobi Centre. [17] [18] It is one of the Singaporean fintech companies to enter Africa and provide digital finance services. [19] [20] [21] In July 2019, fintech and e-payment business PayU took a majority stake in Red Dot ...