+OneX acquires MMC

+OneX, the solutions and systems integrator in the Reunert Group, has concluded an agreement to acquire privately-owned cybersecurity and managed services company MMC for an undisclosed sum. The acquisition of MMC boosts +OneX’s ability to offer its clients...

Luno launches crypto investment bundle in SA

Crypto investment app Luno has launched the Luno Large Cap Bundle, allowing Luno customers to access crypto investment bundles. Luno has partnered with CoinDesk Indices to provide customers with access to investment bundles that aim to follow CoinDesk’s broad market...

Bank Zero provides card machines through iKhokha partnership

App-only bank Bank Zero has announced a new partnership with fintech player, iKhokha. This will provide business customers with a card machine solution with zero monthly rental fees, which integrates with Bank Zero’s zero-fee bank account. “Business banking has...

Raxio Group gets $33m in African data market investment

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33-million sustainability-linked debt facility to Raxio Group, a pan-African data centre developer and operator. The funding enables the design,...

Frogfoot Networks appoints new CEO

Licensed open-access fibre network provider Frogfoot Networks has appointed Shane Chorley as its new CEO, from 1 April 2023. Chorley is taking over from company founder Abraham van der Merwe, who has led it since inception. Van der Merwe now takes up the position of...

Paymenow raises R250m debt facility

Earned Wage Access (EWA) platform Paymenow has raised a R250-million ($14-million) debt facility through Rand Merchant Bank (RMB) in a first-of-its-kind structure for the EWA market in South Africa. EWA is a financial wellness offering to employees which allows them...