New MD for Payfast

New MD for Payfast

David Adams has been appointed as the MD at Payfast by Network. He worked previously for Network International in the Middle East and Mastercard in the UK, before returning to South Africa as chief commercial officer at Payfast in 2023. Adams takes over from Brendon...

Tim Sherwin joins Entersekt board

Accel-KKR, a technology-focused private equity firm, has announced the appointment of Tim Sherwin, former CEO and co-founder of Cardinal Commerce, to portfolio company Entersekt’s board of directors. Financial authentication company Entersekt provides financial...

Powerfleet secures secondary JSE listing

Powerfleet, a provider in the Artificial Intelligence of Things (AIoT) Software-as-a-Service (SaaS) sector, has attained a secondary listing on the Johannesburg Stock Exchange (JSE). Powerfleet listed on the Nasdaq in 1999 and, as part of its expansion move, is in the...

InDrive speeds expansion efforts with R2,8bn financing

Global mobility and urban services platform inDrive has announced the expansion of its financing arrangement with General Catalyst to R2,8-billion. The financing extension, which can be further extended for an additional year, enhances inDrive’s financial...

Fintech startup secures $11m funding from Standard Bank

Standard Bank has provided an $11-million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible...

Euphoria Telecom announces new leadership

Cloud-based VoIP business solutions provider Euphoria Telecom has announced additions to its senior leadership team to guide its strategic growth plan. Newly appointed MD Warren Hawkins and operations director Leonie Stanley will work with technical director Nic...