Rand Merchant Investments

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South African fintech predictions for 2021

Fintech continues to be an exciting space, despite the massive setbacks in the global economy during 2020. Successful fintech addresses opportunities and this space will be one to watch in South Africa during 2021 as the world moves towards more convenient money systems.

Luno, South Africa’s largest cryptocurrency exchange, acquired

New York's Digital Currency Group has acquired South Africa’s largest cryptocurrency exchange, Luno, for an undisclosed amount of cash. Luno has 5 million customers and a presence in 40 countries.

If you're a FinTech startup in South Africa you should check this out

AlphaCode, an incubation, acceleration and investment vehicle for early-stage FinTech businesses, has announced that applications are now open for their AlphaCode Incubate programme. The AlphaCode Incubate programme will be looking to find high potential, innovative financial services entrepreneurs to boost the development of FinTech and financial services in South Africa.