• Fintech enablement platform Ukheshe has expanded into several regions outside of South Africa in recent years. 
• It has been working with fintech companies in the UAE, India, Mauritius, and Kenya. 
• Now it plans to expand further following the announcement of an investment led by DPI and Fireball Capital.

In recent years fintech enablement platform Ukeshe Technologies has announced a number of collaborations with startups and payment service providers in the regions it has expanded into outside of South Africa.

These include the UAE, India, Mauritius, and Kenya, and now the announcement of a new investment offers up the potential to rapidly expand internationally.

While the precise figure of the investment, as well as the completion of regulatory approval is still in the offing, Ukheshe has confirmed the conclusion of an investment agreement with Development Partners International (DPI) and Fireball Capital.

“The deal, which is subject to customary closing conditions, reinforces Ukheshe’s strategy and will support its long-term growth as the business continues to drive forward its acquisitive expansion plans,” Ukheshe explained in a press release sent to Hypertext.

“The payments and fintech ecosystems in Africa are growing rapidly, however, the sector remains underdeveloped, with many communities still lacking access to critical financial products and services. Through its proprietary BAAS Eclipse API platform and innovative embedded finance solutions, Ukheshe is at the forefront of this fintech evolution,” it added.

On the back of this announcement, the company says that it is now well placed to respond to its evolving customer demands with new technologies, focusing primarily on enabling seamless fintech solutions.

“Ukheshe’s mission is to transform the lives of individuals by facilitating access to critical financial products and services that support the growth and prosperity of communities globally. We have made great progress in recent years, growing our footprint, and expanding our reach across Africa,” enthused Clayton Hayward, Ukheshe CEO (seen above alongside the company’s three other co-founders).

“As we continue to grow, we look forward to partnering with DPI, who as a leading Africa-focused investor, brings international market knowledge and experience in investing and creating value across the continent. Combined with the deep local market understanding of Fireball Capital, that has a track record of seizing opportunities in the fintech space, we are excited about Ukheshe’s future. As we look for new ways to build on our success, we will work together to accelerate our international strategy and reach more customers across the region,” he concluded.