SA Start-Up Ukheshe Payment Solutions Wins Second Place At The First KPMG Private Enterprise Global Tech Innovator Africa Competition
SA Start-Up Ukheshe Payment Solutions Wins Second Place At The First KPMG Private Enterprise Global Tech Innovator Africa Competition. Joburg-based start-up Ukheshe Payment Solutions has won second place at the first KPMG Private Enterprise Global Tech Innovator Africa competition, which came to an exciting close this week. The competition is aimed at recognising the fastest-growing, most innovative technology companies across the continent.
Clayton Hayward, Ukheshe CEO, believes Africa is the world’s fastest-growing market and is ripe for technological disruption. Fintech funding has also doubled year on year for the last five years hitting $2.4-billion in 2020. He told Venture Burn that, “There are currently six unicorns across the continent with many racing to capture a share of the fintech pie. The key to success is rapid scaling across the continent. This is not only good for growth but an imperative for risk management to help manage regulatory or country risk in a diverse environment,”
Hayward also thanked KPMG for the excellent platform it provides to network with other entrepreneurs and stakeholders: “We are delighted with our second-place win and want to thank KPMG for such a great opportunity. It was made very evident throughout this experience that Africa will remain one of the key hubs of innovation and we predict that the next decade will be significant.”
Hayward also told Venture Burn that it is clear that opportunities for businesses like Ukheshe are now global. “There is an estimated untapped $140-trillion in the payments market. Global credit card payments, both consumer and business, make up only roughly one-tenth of the total consumer-to-business and business-to-business movement of money. Leaving the remainder of the market still untapped.”
Ukheshe Technologies’ platform helps banks and telcos provide digital first Banking and Payment services. It delivers a SaaS based orchestration framework for its customers to build great user experiences, using its developer-friendly infrastructure. Ukheshe was selected to be onboarded as a Mastercard start path Program partner. From a seamless API payment experience, digital payment integrations, issuing and acquiring of physical and virtual cards & so much more, Ukheshe has created a user-friendly digital service hub that powers innovation digital first fintech propositions.
