FiTech Ventures

Franc is a financial technology company that simplifies the process of saving and investing through its user-friendly app. The platform allows individuals to begin investing quickly, requiring no prior investment knowledge or minimum deposits. Users can set specific financial goals, choose personalized investment strategies that combine money market and index-tracking ETFs, and complete the process with minimal paperwork. Franc also offers tools such as budgeting calculators and resources for retirement and targeted savings. To enhance financial literacy, the company provides access to an online academy and engaging quizzes. Additionally, Franc promotes community support through savings groups and challenges, alongside weekly competitions that give users the opportunity to win cash prizes to boost their investments.

SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

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.