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In a move strengthening its financial technology (fintech) portfolio, Naspers’s SA-focused venture arm has invested R15m in a Cape Town-based start-up that gives employees instant access to their earnings instead of having to wait for the end of the month.

The company’s Foundry unit backed Floatpays, which provides customers with real-time access to a portion of their “earned but not yet paid” income during the month, with a $1m (R15.15m) investment, Naspers said on Tuesday...

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