South Africa Fintech Startup Ukheshe Raises Funding For Expansion

South African fintech enabler Ukheshe has attracted investment from ADP III, a fund advised by Development Partners International (DPI), a premier, Africa-focused investment firm, alongside Fireball Capital, one of the leading South African venture capital firms to fuel its international expansion.

Ukheshe is enabling companies in the African fintech ecosystem to deliver embedded finance that aims to close the financial inclusion gap. It serves over 100 customers across different sectors, including banks, fintechs, mobile network operators, and other small and medium-sized businesses. In addition to capital, DPI will look to support Ukheshe to further institutionalize the business, achieve its ambitious organic and inorganic growth plans, create quality employment opportunities, and support the financial inclusion of emerging markets.