(Ecofin Agency) - Kalon Venture Partners and an undisclosed international institution invested ZAR10 million each in Flow, a South African tech startup, during a funding round.

Overall, the startup received ZAR20 million ($1.4 million) which will help boost its development, increase the number of its users and the number of rewards that will be granted to these users.

“People are used to being connected all the time and transacting digitally, in real-time; and they want transparency in their dealings with companies, including their landlords… These are some of the key factors that inspired the creation of Flow. Through scaling with technology and economies of scale, we can revolutionise the economics of rent, providing a more seamless experience and more value to tenants”, said Gil Sperling (centre, in photo), CEO of Flow.

Chamberline Moko