SA fintech firm secures R40m Naspers investment

Naspers has invested R40 million in financial advisory fintech firmThe investment is part of a total R53 million series A investment round led by Naspers Foundry, with the balance funded by existing investors.

It combines integrated workflows and an online dashboard to give its users a central place to manage their personal finances, enabling them to set and track their financial goals. Phuthi Mahanyele-Dabengwa, South Africa CEO of Naspers, comments: “We are passionate about supporting entrepreneurs that make a meaningful contribution to society. Through LifeCheq, holistic, personalised financial advice can be made accessible to previously underserved South Africans.

The investment in LifeCheq marks Naspers Foundry’s fifth fintech investment in SA-focused technology companies and eleventh tech transaction since its launch in 2019.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Billions flowing into payment companies in South AfricaSouth African fintech companies are amassing billions in investment as they capitalise on a surge of demand for cashless and online payments.
Source: mybroadband - 🏆 11. / 67 Read more »

Sanlam buys fintech company Q LinkFinancial services group Sanlam has bought a controlling interest in payment solutions provider Q Link Holdings, its first fintech investment.
Source: mybroadband - 🏆 11. / 67 Read more »

Presidency unveils new strategy to lure more investment. PresidencyZA's draft plan, the Country Investment Strategy, aims to draw more investment to help grow SA's economy and create jobs. PresidencyZA It would also be great to hear the progress report on the previous ones 🤧 PresidencyZA 😂🤣😂🤣😂😂🤣😂🤣😂🤣😂😂🤣😂🤣😂🤣😂😂🤣😂🤣😂😂🤣😂🤣😂😂🤣😂🤣😂 PresidencyZA Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.
Source: Moneyweb - 🏆 5. / 77 Read more »