In a first of its kind for its philanthropic activities across the world, global banking giant JP Morgan will provide a grant to accelerate the development of three local fintech start-ups capable of providing solutions and capital to the local spaza shop industry.

The announcement made on Monday will see the US bank extend its partnership with data analytics and product innovation company BFA Global. Over a nine-month programme, they aim to assist with and accelerate the offerings of A2Pay, Yebo Fresh and Vuleka and save as many as 10,000 jobs in the sector...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now