×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

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...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.