Adumo acquires alternative payments provider SwitchPay

South African fintech group Adumo has announced its investment into SwitchPay, a provider of alternative payment solutions for consumers both in-store and online. The value of the investment is undisclosed. According to Adumo CEO Paul Kent, the investment comes at a...

Fundi acquires edtech startup

EduOne, a Cape Town-based education technology (edtech) startup, has recently been acquired by education finance and education fund management solution specialist Fundi. Started in 2015 by Jason Basel, who served as the company’s CEO since inception, and...

Paratus welcomes back co-founder

Pan-African network provider Paratus has appointed Miles October as group marketing executive. October was one of the co-founders and shareholders of the first Paratus operation in Angola – ITA (Internet Technologies Angola). He left the group in 2015 and...

Fetola launches sustainable business accelerator tool

Business growth professional Fetola has partnered with JP Morgan and the Embassy of Finland to launch a business accelerator that will support the growth of over 100 small and emerging businesses across South Africa. The Fetola Circular Economy Accelerator (FCEA) is...

SA fintech raises $48b in series B funding round

South African payments company Ozow has attracted Tencent in its $48-million Series B funding round. The investment round also includes Endeavor Catalyst and Endeavor Harvest Fund. Notably, Endeavor Catalyst’s investment committee approval was chaired by partner...

NoPBX nominated for Most Exciting Startup in SA

NoPBX, a locally-developed smartphone-based switchboard system, has been nominated for the Top 5 Most Exciting Startups 2021. Awards founder Heavy Chef, in partnership with Xero and PayFast, has called for nominations to be submitted before 21 November. A final short...