South Africa’s payments startup Stitch raises $55 million Series B funding
Stitch raised $55 million in a Series B funding round led by QED Investors. The funding will support the expansion of Stitch's in-person payment offerings and online payment suite.
Seven Emerging Trends Shaping South Africa’s Digital Payment Landscape
Mobile payments have seen aggressive adoption, with fintech startups leading innovation and larger financial enterprises facilitating mass adoption. Digital payment service providers are expanding their platforms to ensure a seamless payment experience for customers shopping both online and in-store
Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing
Global fashion brands are struggling with billions of dollars’ worth of unsold inventory. Emerging markets like Africa rely on secondhand clothing imports, with 30% to 40% deemed unusable.
Payfast Report: Monday is the Most Popular Day for Online Shopping
71% of merchants are optimistic about the festive shopping period. Unified Commerce is enhancing customer convenience and merchant efficiency.
Amazon enters SA amidst regulatory pushback again e-commerce leaders
Amazon announces launch of marketplace in South Africa in 2024 Takealot leads South Africa's online retail market with a GMV of R27 billion
