Fintech startup Lipa Payments secures US$663k from Imvelo Ventures

SOUTH AFRICA – Lipa Payments, a South African fintech startup, has received a R10 million (US$663k) investment from Empowerment Capital’s Imvelo Ventures, for its software solution that allows informal sector merchants to accept contactless payments directly from their phones. Imvelo Ventures is backed by financial services firm Capitec Bank. Lipa Payments was founded by fintech entrepreneurs Thando Hlongwane and Roger…

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