*Data updated daily at 18:00 EAT
Cape Town-based fintech startup PayJustNow has sold a controlling stake of its business to Weaver Fintech as it targets ongoing growth in the buy now, pay later (BNPL) space. With a focus on personal lending, insurance, and value-added services, the investment in PayJustNow signals Weaver Fintech’s entry into the payments space while giving PayJustNow access to capital to further its growth strategy.
PayJustNow’s solution is a responsible alternative to credit, with no fees charged unless payments are missed. The PayJustNow system determines shopper affordability, schedules automated deductions, and sends reminders to make sure shoppers do not miss a payment.
Weaver Fintech is a Mauritian financial services subsidiary of HiL, which offers personal lending, insurance, payments, and value-added services on digital platforms through its FinChoice brand.