Nedbank Targets Small South Africa Firms With Ikhokha Purchase

Nedbank Targets Small South Africa Firms With Ikhokha Purchase

Nedbank Group Ltd. agreed to buy financial technology firm iKhokha to help the South African lender target the growing small-business segment.

Battleground for SME wallets heats up

Nedbank’s iKhokha acquisition boosts the bank’s growth blueprint for loans to small and medium firms

Nedbank Buys iKhokha for R1.65B to Boost SME Push

Nedbank has acquired Durban-based payments fintech iKhokha for R1.65 billion in an all-cash deal, calling it a “significant milestone” in its strategy to deepen support for small and medium-sized enterprises (SMEs). What they’re saying About iKhokha Expansion plans Currently focused on South Africa, iKhokha sees the Nedbank partnership as a springboard to new African markets. […] The post Nedbank Buys iKhokha for R1.65B to Boost SME Push appeare…

Nedbank acquires speed point firm iKhokha for R1.65bn

One of the major financial services providers, Nedbank Group, has announced that it has entered into a binding agreement to acquire 100% of fintech innovator iKhokha. The green bank said this in a statement released on Wednesday, explaining that the agreement was in an all-cash deal for approximately R1.65bn (subject to certain adjustments upon conclusion), adding that the move was a significant milestone in Nedbank’s strategy to deepen its supp…

Nedbank acquires ikhokha for $93.3 million in an all cash deal

Nedbank has acquired South African payments fintech iKhokha in a R1.65 billion (USD 93.3 million) all-cash deal. iKhokha will maintain its brand and leadership under a management lock-in. This acquisition aims to deepen digital services for small businesses across South Africa. In a strategic move to boost its digital services for small and medium enterprises (SMEs), Nedbank has entered a binding agreement to acquire iKhokha. Subject to regulato…

Nedbank's Strategic $94 Million Acquisition of iKhokha to Boost SME Support | Fintech InShorts: Latest fintech news, analysis by experts

Exploring the implications of Nedbank’s investment in iKhokha for small business growth and financial innovation. Highlights: Nedbank announces a $94 million acquisition of payment solutions provider iKhokha. The acquisition aims to enhance support for small and medium enterprises (SMEs) in South Africa. This move reflects Nedbank’s commitment to financial innovation and improving access to payment solutions for businesses. Nedbank’s recent acq…