JOHANNESBURG – A year since launching, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, has left an indelible imprint on South Africa’s unbanked and underbanked. The start-up, with over 300 000 users to date, has forged ahead with its financial inclusion strategy, receiving high praise and global recognition.
Clayton Hayward, co-founder and chief executive, uKheshe, says that the first year has exceeded all expectations: “As a start-up you never quite know how the business idea will be received, but with financial inclusion becoming both a local and global imperative, uKheshe has been embraced not only by users, but the fintech market too. We could not have asked for a better first year in business.”
With a growing base of users and a diversified product offering covering cash cards, health and insurance benefits cards, uKheshe was also selected as a winner of the 2019 Global Fintech Hackcelerator @ Southern Africa competition: “We were delighted to win this competition backed by the South African Reserve Bank (SARB) and KPMG Matchi. We took uKheshe to the Singapore FinTech Festival where we demonstrated how our innovative solutions can resolve complex financial challenges in the Southern African region,” says Hayward.