SA’s FundingsHub, a company which provides tailored financing solutions to SMEs, sold a minority stake in its capital to Fincheck, a startup that allows consumers to compare financial services products.
This operation whose amount is not disclosed is expected to support the acquirer’s footprint in the country. Fincheck co-founded in 2016 by entrepreneurs Bowren and Chris Ball, works with 71 banks, lenders and insurance companies. The company said it plans to increase its stake in FundingHub, over the years.
SMEs eligible to get funding on the FundingHub platform have generally been active for at least 12 months and have an annual turnover of at least 1 million rand. In South Africa, SMEs are increasingly seeking financial service comparison platforms to obtain the right financing offer for their structure and needs.
Chamberline Moko
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs...
• Ghana launches NAIMOS as the central authority to combat illegal mining activities nationwide.• The secretariat’s mandate includes environmental...
• Two major Nigerian universities to host innovative training programs focused on leadership, innovation, and sustainability.• 200 students and teachers...
• India’s NMDC launches a strategic center in Dubai to boost mining acquisitions in Africa.• A three-year copper and cobalt exploration campaign starts in...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...