Nedbank acquires South African fintech, iKhokha in $93 million cash deal
- Nedbank has acquired iKhokha for R1.65 billion ($93.3 million) in cash.
- iKhokha will maintain its brand and leadership under a management lock-in.
- The acquisition aims to deepen financial inclusion and empower entrepreneurs.
Tech Labari - Aug 13, 2025
Nedbank Buys iKhokha for R1.65B to Boost SME Push
Nedbank has acquired the Durban-based fintech iKhokha for R1.65 billion in an all-cash deal, marking
The acquisition of iKhokha by Nedbank is a strategic move that not only enhances the bank's digital capabilities but also reflects a growing trend of traditional financial institutions embracing fintech solutions. This partnership could lead to significant advancements in financial inclusion and innovation in the SME sector, fostering a more competitive landscape in the banking industry.
