Adumo

Payments

Fintech group Adumo snaps up payments start-up SwitchPay

  • Posted by Paul Kent
  • On December 1, 2021
  • 0
By Staff Writer, ITWebJohannesburg, 30 Nov 2021 South African fintech group Adumo has invested in SwitchPay, a provider of alternative payment solutions for consumers, both in-store and online. The value of the investment is undisclosed. According to Adumo CEO Paul Kent, the investment comes as consumer interest in new payment options is at an all-time high. “The impact of […]
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Adumo partners with TymeBank to enable MoreTyme at SMEs across South Africa

  • Posted by Paul Kent
  • On November 12, 2021
  • 0
Fintech and payments provider Adumo has partnered with TymeBank to extend the newly-launched MoreTyme payment offering to small and medium enterprises in South Africa. MoreTyme is a buy-now-pay-later (BNPL) payment service that offers consumers a three-instalment, interest-free payment option at the point of sale. Paul Kent, CEO at Adumo, says South African businesses and consumers […]
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Digital payment solutions to accelerate growth and change – Enterprise Africa

  • Posted by Paul Kent
  • On August 16, 2021
  • 0
In the latest interview by Enterprise Africa, adumo group CEO, Paul Kent shares how adumo is unlocking payment potential across the nation.  Click to read the full Enterprise Africa article Adumo has continued to expand and re-structure around it’s firm client centric approach, as a multitude of factors align to accelerate the adoption of digital […]
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International Finance Corporation and IFC Financial Institutions Growth Fund invest R225m in SA fintech Adumo to expand digital payment solutions in Africa

  • Posted by admin
  • On March 9, 2021
  • 0
South African fintech group Adumo today announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. IFC’s investments will support Adumo to make digital payments systems more […]
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Adumo buys point-of-sale company Gaap

  • Posted by admin
  • On December 1, 2020
  • 0
Paul Kent, CEO at Adumo, says: “This acquisition will strengthen our relationship with GAAP as we work together to introduce innovative fintech products to restaurants at a critical time. The impact of the pandemic and lockdowns has pushed many restaurants to the brink. Together with GAAP, we will develop and introduce fintech solutions to restaurants in an effort to help them survive and thrive amid challenging conditions.”
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