Founder Of ‘Gazaata’ Itumeleng Mpatlanyana Explains How He Created SA’s First Peer To Peer Online Lending Platform
Founder Of ‘Gazaata’ Itumeleng Mpatlanyana Explains How He Created SA’s First Peer To Peer Online Lending Platform. South African entrepreneur and founder of Gazaata Itumeleng Mpatlanyana explained how he created South Africa’s first peer to peer online lending platform in an interview with Multichoice Group.
He said, “Soweto was once the largest townships, today its often showcased for the progression that some black South Africans have made but social and class divisions exists and not everyone here has access to credit. Gazaata helps marginalised communities access to alternative credit. We connect individuals who need credit to individuals who are willing to lend out their excess fund as an investment and personal loan. We don’t take the lenders money, it’s kept safe in a third party’s trust account and our technology enables us to match the right lender to the right borrower.”
Itumeleng Mpatlanyana is the Founding Director and CEO of gazaataDotCom, a Fintech company that helps South Africa’s emerging market access alternative means of getting credit. gazaataDotCom is South Africa’s first Peer-to-Peer Online Lending Platform. The company connect individuals in need of credit with individuals willing to lend out their excess funds as an investment in personal loans. Itumeleng also holds a senior leadership role at zaakaDotCo, another Fintech team that partner with employers to offer financial wellbeing solutions to their employees, helping blue-collar employees live healthier, happier lives by offering them simple saving accounts, salary advances, access to low-cost credit & free education to improve their financial confidence.
Itumeleng has gathered diverse experiences in fast food franchising, new venture building, SMME management and development; and his exposure to financial technology accompanied by his passion to work with emerging markets has led to creating two fintech companies to provide holistic development solutions in Sub Saharan Africa.
