Innovative South African fintech goes global

Joburg-based fintech startup Ukheshe has announced that it will be expanding its operations globally to the Middle East, Europe, and the Asia Pacific.

Ukheshe plans to expand its operations to the Middle East, Europe and the Asia Pacific

Clayton Hayward, CEO of Ukheshe comments on the global expansion.

“We will continue to look for potential acquisitions in these new markets to further support Ukheshe’s growth and strategy as we pursue our goal of reaching unicorn status within the next three years. Ukheshe is excited to be at the forefront of the rapid shift towards innovative digital-first solutions, especially in markets that are ripe for disruption.”

The fintech’s global expansion follows on several successful high profile projects and partnerships in various African countries including Kenya, Zimbabwe, Zambia, Namibia, Nigeria, Malawi, Botswana, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Mozambique, and Ghana.

Ukheshe recently concluded an agreement with the Kenya-based lender KCB Bank Kenya which resulted in KCB sponsoring Ukheshe’s Bank Identification Number (BIN) number, allowing the fintech to issue physical and virtual cards across East Africa.

Mark Dankworth, Executive Director for Ukheshe Africa comments on the fintech’s growing footprint in Africa.

“Our partnerships underpin a shared vision on simplicity and transparency in payments while addressing several open-loop market opportunities to boost wider consumer adoption.”

Ukheshe

Founded in 2014, Ukheshe is one of Africa’s market-leading fintech platform providers. The platform provider assists sectors in banking and telecommunication by building microservices that allow fast digital transactions for clients.

The fintech’s Eclipse API platform is a showcase of the startup’s commitment to innovation within the payments industry.

“The Eclipse platform neatly encapsulates everything from customer and organisation management to KYC, digital wallet, QR code acquiring, card issuing, bank integration, and cross border remittance, among others. It is a market-leading framework that has proven global demand. Through Eclipse, clients can create their own tailor-made individual fintech solution via a trusted fintech enablement platform, ” explains Hayward.

The African fintech aims to transform and innovate the payment industry, by developing components that are scalable and secure to launch into the digital-led market

“As a B2B provider of tailor-made payment solutions we are proud to enable truly digital-first banking while servicing the market with relevant financial propositions and supporting organisations in their efforts to enhance financial inclusion,” concludes Hayward.

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Featured Image: Clayton Hayward, CEO of Ukheshe. (Supplied)