Franc announces B2B offering

Local investment app Franc has announced its B2B offering Franc Business. The announcement follows Franc’s recent seed extension raise of R8-million, which included investment from pan-Africa focused venture capital firm 4DX Ventures. The capital injection will...

Nexio CEO resigns

Digital system aggregator and solution provider, Nexio, a subsidiary of the Vodacom Group, has announced the resignation of its CEO Mickey Mashale. Mashale joined Nexio from Vodacom in August 2020 having previously held the position of Chief Sales Officer at Vodacom...

Crossfin takes stake in VantagePay

Payments and technology company Vantage Africa, trading as VantagePay, has announced that Crossfin Holdings has acquired a meaningful stake for an undisclosed sum. Barry Lobel, VantagePay’s CEO and co-founder, comments: “VantagePay has developed a leading...

MFS Africa acquires US-based prepaid card processor

MFS Africa, Africa’s largest digital payments network, has reached an agreement to buy Global Technology Partners (GTP). Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank,...

Vodacom achieves Level 1 B-BBEE status

Vodacom has announced that it has achieved Level 1 contributor status towards Broad-Based Black Economic Empowerment (B-BBEE) for a fourth consecutive year. Vodacom SA’s B-BBEE verification has been based on the Amended ICT Codes of Good Practice for Broad Based...

Synthesis continues growth streak

JSE-listed fintech group Capital Appreciation has announced its annual results for the year ended 31 March 2022. It has experienced a strong acceleration in business activity in the past year and a substantial demand for its innovative technology products and...