SA SME Fund invests in A2Pay to finance spaza shops
The fund, born of a partnership between the government and CEOs, will facilitate the financial inclusion of 10,000 spaza shops across SA
11 February 2020 - 12:47
On Tuesday, small-business investment house, the SA SME Fund, said it has invested R25m in A2Pay SA, a fintech fund manager that focuses on growth and trade financing for spaza shops.
The fund, which was born out of a partnership between the government and local CEOs aimed at stimulating the economy and creating jobs, said it will provide finance for 10,000 spaza shops across SA, and create more than 40,000 jobs through its investment in A2Pay over the next 10 years...
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