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South African FinTech Startup Adumo Raises USD 15 Mn From IFC
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.