Fintech giant Yoco buys local AI firm Dyner.AI
Yoco, the South African fintech which has an estimated valuation of over R12.2 billion, has acquired local AI operating platform Dyner.AI for an undisclosed amount.
The move was Yoco's first major acquisition since it was founded in 2013 by...
Security capabilities of virtual cards in South Africa
Virtual cards can help limit the risk of fraud on people's bank accounts, but users should not get a false sense of security when it comes to the technology's anti-fraud capabilities.
These digital cards are still susceptible to various...
Altron Group reports 78.55% surge in net profits thanks to car-tracking and fintech
South African technology company Altron Group increased its net profits by 78.55% to R741 million in its latest full-year financial results ending 28 February 2026.
The company said the profit gains were...
Ozow evolving beyond pay-by-bank services
Ozow, a major instant EFT systems provider in South Africa, announced a major evolution in 2026: transitioning from a pay-by-bank provider into a unified, end-to-end payments platform for businesses.
Ozow interim chief executive officer Rachel Cowan...
Yoco is building an AI-integrated financial platform with a new CEO
South African payment facilitator Yoco recently announced the appointment of a new CEO, sourced from outside the company's core group of four founders. This ended an era where the company was led by a founder.
The former...
Payment giant Pay@ will now become 100% Proudly South African
South Africa's Competition Commission announced the approval of the R1 billion acquisition of major payment platform Pay@ by South African fintech group Araxi, through its African Resonance arm.
Pay@ looks set to become 100% South...
PayFast co-founder returns to South African fintech
PayFast co-founder Jonathan Smit has returned to the payments industry, this time as the buyer rather than the entrepreneur, after acquiring iVeri Payment Technologies.
Smit became executive chair of iVeri in July 2025 and recently acquired...
Mastercard announces technology rollouts aimed at expanding South African presence
Mastercard is expanding its presence in South Africa and has recently announced several agreements and technology rollouts to achieve this.
Most recently, Mastercard has signed a 10-year deal with Nedbank that...
Chronos Capital has South Africa's A-team for tech investments
Chronos Capital, founded by Michael Jordaan, Willem Roos, Nic Kohler, and Roger Grobler, is backing many top South African tech and finance companies.
Chronos Capital’s mission is to back strong management teams of companies which...
Be part of an in-house software development team in the FinTech industry for a Financial Wellness
company. The team is responsible for continuously developing improvements and features for a
.NET core web application.
Responsibilities:
1. Backend Development (ASP.NET Core, C#)
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Naspers invests R40 million in LifeCheq
Naspers Foundry has invested R40 million in financial advisory company LifeCheq.
The technology giant led a R53 million Series A investment round in LifeCheq via its early-stage technology investment platform, Naspers Foundry.
Billions flowing into South Africa's tech scene
While many segments of South Africa's economy have been struggling to keep heads above water amid the Covid-19 pandemic, one has been flourishing — tech.
Across the world, technology firms have generally benefitted from the disruption that came...
MTN will seek investors for fintech division
MTN Group Ltd. will look for minority investors in its African fintech unit after separating the division from the carrier’s traditional telecom business, a move to maximize growth in the booming division.
The continent’s largest mobile-phone...
Vodacom Easy2Own smartphone payment plan launched — with 1GB free data if you pay on time
Vodacom has launched a new payment plan called Easy2Own, which lets customers pay off a smartphone in small, affordable premiums and get rewarded with free data.
Big investments in South Africa's fintech space
Local and international investors are pumping billions into South Africa’s fintech scene, which include large investments in local start-ups over the last few weeks.
In July, South African fintech start-ups raised over R1.3 billion from notable...
MTN plans to separate fibre and fintech units
MTN Group Ltd. has begun work toward separating its fiber and fintech units as part of plans to unlock value and raise funds to fuel expansion. The shares jumped to their highest in more than a year.
Africa’s biggest wireless carrier is seeking...
I am trying to find out about the merchant services space in SA and the emergence of companies like YOCO?
-do banks (FNB/ STD) provide their own merchant services or are they all outsourced with companies like fastnet?
-do banks have smart pos functionality to offer
-who processes the payments...
FNB and fintech startup partner to connect informal traders
FirstRand Ltd.’s First National Bank and a startup financial-technology company in South Africa are partnering to connect informal traders in townships with fast-moving consumer-goods companies.
FNB is seeking to tap into a market...
Tech companies will take on banks and insurance providers
Fintech companies pose a big threat to banks and insurance providers, said economist Dawie Roodt.
Fintech startup funding set to hit a record high
Financial technology startups are on pace to see funding reach a record as insurance, wealth management, lending and blockchain-related companies attract new dollars.*