South African FinTech Startup Adumo Raises USD 15 Mn From IFC

South African fintech startup, Adumo, has secured USD 15 Mn in a new funding round from the International Finance Corporation (IFC), and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions.

Adumo (formerly Crossfin Transactional Solutions) operates as a payment processing platform, providing digital payment solutions to retailers, entrepreneurs, and traders. The startup helps businesses to make smart payment decisions.