SmartWage startup raises US$347k to expand its payday solutions

SOUTH AFRICA – SmartWage, a startup that partners with companies to give employees instant access to their earned salaries and wages, has raised R6m (US$347,603) to power the growth and expansion of its novel payday solution across South Africa. The fundraise was led by Chris Lister-James from Johannesburg-based seed investor, FiTech Ventures, whose investment philosophy, driven by a focus on ethical disruption, financial inclusion, doing well by doing good and profit with a purpose, fits naturally with SmartWage’s vision to tackle South Africa’s enormous and crippling consumer debt crisis. “SmartWage…

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