$45B fintech giant Revolut sets sights on South Africa
Revolut has confirmed its interest in entering South Africa's digital banking landscape. Tom Morrison was hired as Head of Strategy & Operations for South Africa three months ago.
What Makes Offshore Money Transfers Challenging?
South African banks lag behind in international money transfers, using outdated technologies and manual processes. This leads to delays, frustration, and higher costs for customers.
African neobank Kuda raised $20M at flat valuation in 2023, missed user milestone projection by 3M
Kuda has reached almost ₦56 trillion in transaction value since its 2019 launch. Kuda has 7 million retail and business customers.
