-0.5 C
January 19, 2022
Finance Technologies

South African fintech Adumo lands $15m from World Bank member

Adumo, a South African payments solution provider, has landed $15 million (ZAR 225 million) in preferred shares from International Finance Corporation (IFC) – a member of the World Bank Group. It also secured part of the investment from IFC’s Financial Institutions Growth Fund – a fund managed by IFC’s asset management company The fintech focuses on moving businesses’ reliance from cash transactions to digital payments The start-up, which predominantly targets small and medium-sized businesses with payments solutions, will use the fresh funding to offer new payment solutions, as well as “purpose-based” lending services – to both consumers and retailers. Paul…
South African fintech Adumo lands m from World Bank member

Related posts

Air Academy Federal Credit Union selects Fiserv DNA

Amme Jhonson

CAIS announces new insurance product with Schechter

Amme Jhonson

Banking Technology October issue out now

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy