Fintech makes investment boosts for SME funding in SA

from DION HENRICK in Cape Town
CAPE TOWN, (CAJ News) – FINCH Technologies, a Cape-based finance technology firm, has made a further significant investment to become the majority shareholder in South Africa’s leading business finance marketplace, FundingHub.

This follows a previous investment in 2019.

Figures were not disclosed.

“We made a second investment into FundingHub, due to its dramatic growth over the past 18 months,” said Michael Bowren, Finch Technologies Chief Executive Officer.

“We are confident about the ongoing expansion of this business. We are particularly interested in investing in technology-driven businesses that help financial service providers originate sales, onboard new clients in a seamless manner and enrich their own database. It is through the seamless origination and onboarding that real value is offered to businesses and consumers.”

FundingHub offers 33 banks and alternative lenders able to meet the needs of South…

Read further.

CRISIL reaffirms Thomas Cook’s credit ratings on strong parent support from Fairfax and healthy liquidity

Iran's sole nuclear power plant undergoes emergency shutdown