FinTech company, Bridgement offers invoice financing to SMEs in a record time of 2.5-hours. Bridgement’s speed is due to its use of machine learning for credit analysis and decision making. “When money is needed quickly – to cover salaries...
Alignd, an all women-led fintech start-up, aims to bring alternative and affordable healthcare models to the South African market. With an intention to provide alternative, more patient-centred and value-led healthcare models to the country’s...
Paylater, the Nigerian fintech company specializing in consumer lending, has confirmed its name change in light of its growing banking services. The company is re-launching as “Carbon“, the rebrand reflects the company’s deliberate...
Visa, the global payments technology company and Branch, the most downloaded finance app in Africa, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa. This partnership...
If you’ve done any kind of online shopping in South Africa, you’re more than likely to be familiar with the name i-Pay. Not only do they make electronic funds transfers (EFTs) smoother and safer, they also singlehandedly saved 2018 Black Friday...
Nutanix, Inc. has recently announced findings of its Enterprise Cloud Index Report for the financial services sector, measuring financial firms’ plans for adopting private, public and hybrid clouds. The report revealed that the financial sector outpaces...
One Finance Limited (OneFi) has announced the acquisition of Amplified Payments (Amplify), a fintech company that builds and facilitates payment solutions and digital financial transactions in Nigeria. The deal, completed for an undisclosed fee, will see...
It is estimated that the spaza shop market in South Africa is valued at around R40 billion per year and that 90% or more of the transactions are in cash. This market is growing at around 10% each year. Despite this alarming statistic of unaccounted cash,...
MTN Group, the parent company of MTN Rwanda, last week, announced its financial results for the year 2018 which ended December, promising its investors that it was committed to improve its financial performance in the medium term period. The South African...
In celebration of International Women’s Day, Visa has announced the launch of the first Visa Everywhere Initiative: Women’s Global Edition. The global program invites women entrepreneurs from around the world to tackle FinTech and Social Impact challenges...
The free Public Talk held at Bank of Namibia last Friday was a sell-out success. Blockchain Technology, Crypto Currency, FinTech and Cybersecurity continue to be red-hot issues that are sure to draw a crowd and inspire lively debate. Dr Joachim Bald of...
Cassava Fintech South Africa, a member of the Econet Group, has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa. Darlington Mandivenga, Group CEO for Cassava Fintech International, says although the remittances...
South African businesses and startups are aware of the increasing importance of using data effectively, but the demand for data science skills exceeds supply. Explore, a joint initiative launched by The Explore Data Science Academy (EDSA) and Rand Merchant...
Statista.com, the global statistical data portal estimates that the number of smartphone users in South Africa will reach 22 million in 2019. This is in line with FNB’s data which indicates an increase in banking via digital channels by young people,...
Goodwell, the pioneering investment firm whose focus is in fintech, financial inclusion and growth in firms providing essential goods and services has invested $2million into Copia, a Kenyan e-commerce venture. Copia makes it easier for underserved consumers...
February 21, 2019 •
Company News, Finance •
Neo Sesinye •
Comments Off on Sasfin’s equity stake in fintech lender Payabill set to enhance SME growth
In another major step forward in supporting growth in SMEs, Sasfin has announced that it has acquired a strategic stake in fast-growing fintech lender Payabill. Payabill, a 100% digital lending business, provides working capital and/or trade finance to small...
