SA fintech startup My-iMali has landed an undisclosed amount in investment from fintech investor Crossfin to grow its digital wallet platform.
The raise follows the startup’s failed attempt to raise R25-million through a crowdfunding campaign on Uprise.Africa which concluded last month.
The Pretoria-based startup — which was founded by Casper Kruger, Fran Botha and Matt Goosen in November last year — allows employers to save thousands of rands in bank charges when paying their employees through the new digital wallet platform. All three founders have backgrounds in banking and fintech.
In September, just after the start of the crowdfunding campaign, Kruger told Ventureburn that the startup was in talks with Crossfin to take a stake in the company.