The global financial world has been abuzz with "fintech" for some years. Terribly cliched, the word attempts to describe innovative and entrepreneurial start-ups in the financial services sector that are disrupting the banking and payments industries, generally in a positive way. Despite banks having huge piles of capital at their disposal, they are not necessarily in tune with what their customers want or need. Fintechs, on the other hand, understand customer requirements exquisitely and thus provide the perfect symbiosis with large financial services institutions. Walter Volker of the Payments Association of SA says there are about 100 fintech companies in the country and about 80% of them operate in the payments industry. One of them is Capital Appreciation (Capprec), which has migrated from special purpose acquisition company status to a main board JSE listing in the software and computer services sector.Capprec, which was founded by serial entrepreneur Michael "Motty" Sachs, fo...

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