FiTech Ventures

FiTech Ventures is a Johannesburg-based venture capital firm founded in 2018, focusing on the fintech sector. With a commitment to ethical disruption and financial inclusion, the firm aims to assist entrepreneurs in transforming their ideas into successful companies through fundraising and networking support. FiTech Ventures seeks ambitious and visionary partners who possess the drive and adaptability necessary to elevate their businesses. The firm emphasizes a philosophy of profit with purpose, prioritizing investments that align with its values while fostering innovation within the financial technology landscape.

Chris Lister-James

Founder and Director

3 past transactions

Franc

Seed Round in 2020
Franc is a financial platform designed to simplify the investment process for users with varying levels of experience. The app offers a straightforward approach, allowing individuals to start investing in under two minutes without prior investment knowledge or paperwork. Users select personal financial goals and investment strategies, receiving tailored recommendations that combine money market options and index tracking ETFs. To enhance user experience, Franc provides budgeting calculators and access to an online academy, along with engaging financial literacy quizzes. Recognizing the challenges of saving and investing, Franc fosters community through savings groups and challenges, encouraging users to support one another. The platform also hosts weekly competitions where participants can win cash prizes to boost their investments, making the journey toward financial independence more engaging and accessible.

Jem

Angel Round in 2020
Jem builds HR Software for companies with frontline workers. Using WhatsApp, we make it easy for HR and Payroll Managers to send payslips, process leave requests and communicate with thousands of frontline workers in just a few clicks. Jem is system-agnostic and easily plugs into your existing payroll system, whether it's Sage or SAP. That means we can get you up and running in a day. HR and Payroll managers use the Jem Dashboard, a simple web-based application to communicate with their entire workforce. Frontline employees use the Jem WhatsApp channel to request payslips, apply for leave or take a salary advance without the need for an email address or an employee self-service app.

Ukheshe

Seed Round in 2019
Ukheshe Technologies is a digital-first financial services enabler based in Johannesburg, South Africa, established in 2018 by Jason Penton and Paul Carter-Brown. The company focuses on improving financial inclusion for small, medium, and micro enterprises (SMMEs) by offering a tailored digital platform that partners with banks, telecommunications companies, and other financial service providers. Ukheshe's services include banking-as-a-service and payment processing, providing a multi-tenant cloud-based API that facilitates rapid digital transactions. This innovative platform allows users to make payments conveniently, eliminating the need for cash and integrating seamlessly with various banking apps and payment solutions. By focusing on user lifestyles, Ukheshe aims to create accessible financial solutions that empower customers and enhance their financial capabilities.
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