Submitted by News on Tue, 21/11/2017 - 09:00
Local fintech firm i-Pay plans to expand following a R10 million investment from venture capital company Kalon Venture Partners.
The capital injection will afford Kalon a minority stake in the start-up.
According to i-Pay co-founder and CEO Thomas Pays, the company will use the funds to hire more staff and continue its plans to market its product and service offering in multiple countries across the globe.
"The investment will have a positive effect of accelerating our expansion into key markets in Africa and across the globe."