Bitventure Acquires Smart Payments Start-Up EasyDebit. It has been reported that South African company Bitventure has acquired smart payments startup EasyDebit. The company seeks to make payments much safer and save people from fraud.
Bitventure CEO Junior Biola said in a statement, “With online commerce growing significantly, cybercrime and fraud has become a real challenge for many companies. Consider, for example, that according to the 2022 PWC Global Economic Crime and Fraud survey, 46% of companies interviewed have experienced some form of fraud or other economic crime within the past two years,”
Since it’s establishment in 2012, Bitventure has been providing a variety of clients with its range of innovative automated verification solutions, addressing their unique challenges, and growing their companies to new heights. Through its collective experience, the company has mastered the dynamics of software engineering and fintech which propelled its company as a market leader across various industries. Today, it is recognised as one of the leading software development companies in Johannesburg.
The company’s verification software solutions are aimed at digitising the customer onboarding journey by eliminating the need for physical documents to prove identity and verify financial information. This provides a quick and easy way for businesses to know and trust every new customer. It’s services can be tailored to meet the specific needs of its client’s business and can be accessed via web, mobile or API integration – giving them total flexibility.
EasyDebit stream-lines business transactions by enabling clients to capture, manage and submit financial and non-financial transactions to all major banks in South Africa. The company offers a comprehensive suite of payment services that can be set up according to one’s business needs.