Access to New Technologies and Markets
Ukheshe, a South African fintech startup, recently acquired a 100% stake in EFT Corporation, a payment services provider focused on Africa. This acquisition grants Ukheshe access to new technologies and opportunities, as well as expands its presence in different markets with a broader customer base.
According to a statement from Ukheshe, this acquisition comes after the company’s previous acquisition of the digital payment platform Masterpass and its funding partnership with Development Partners International (DPI) in 2023.
Clayton Haywards, the co-founder and CEO of Ukheshe, expressed excitement about the acquisition, stating that it positions them as the preferred banking solutions partner in Africa.
With this acquisition, Ukheshe is a step closer to achieving its goal of expanding across Africa and delivering greater value to its stakeholders.
Stephen Enderby, CEO at EFT Corporation, and James Griffiths, Partner at DPI, both expressed confidence in Ukheshe’s leadership and growth potential.
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