Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Sunday, May 11
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Brands»SA Fintech Startup SOLmate Launches New Virtual Card Offering

    SA Fintech Startup SOLmate Launches New Virtual Card Offering

    1
    By Tapiwa Matthew Mutisi on September 14, 2021 Brands, Financial Inclusion, Fintech, Products, Startups

    South Africa-based fintech startup SOLmate which aims to provide convenient and reliable services to underbanked populations in South Africa who lack access to payment facilities and other traditional financial services has launched a new virtual card offering and the startup has undergone new branding with a fresh new name. 

    Jonathan Holden, COO of SOLmate comments on the fintech’s new name and the new virtual card offering. 

    “This rename and new virtual card offering represent a significant step in the company’s evolution. The positioning perfectly illustrates our growing ambition in the market and how we aim to always put our customers first above all else. The SOLmate name is rooted in the company’s commitment to being the preferred choice and trusted partner to our customers. We pride ourselves in our relationships with clients and our ability to help, support and connect people to their money quickly and easily.”

    SOLmate

    Founded in 2018 and based in Johannesburg, SOLmate is a fintech that aims to provide reliable and affordable financial services for the unbanked in South Africa who do not have access to traditional financial tools and services. The fintech has done this by creating an online payment platform that offers users a digital wallet facility to ensure financial inclusion for all. 

    The new virtual card

    The new virtual card offering by the fintech enables users to purchase items online and draw cash from a range of retail stores. In addition, with the SOLmate account, users are able to deposit their salary directly into their accounts. The innovative app catered to act as the platform for the card enables users to purchase a range of basic products and services all in one simple and easy-to-use app. 

    According to reports, SOLmate claims to be one of the first fintech’s to offer a virtual card to FICA lite customers who would not otherwise have access to this form of technology and product. As an entry-level product, the virtual card is aimed at users in the lower-income bracket. The fintech also plans to introduce more traditional bank account products to higher-income users. With a focus on affordability, the fintech offers accounts from the low price of R15 per month. 

    Related

    Digital Payments Financial Inclusion financial services FinTech startup Jonathan Holden SOLmate South Africa Startups in Africa Virtual Card
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Airtel Money Hits $145 Billion in Transactions, Sets Sights on 2026 IPO

    PalmPay Hits 15 Million Daily Transactions, Eyes Expansion Across Africa in 2025

    Treepz Announces Exclusive Partnership with Miva Open University for Nationwide Transportation Services

    1 Comment

    1. Pingback: SA Fintech Startup SOLMate Launches Physical Card - Innovation Village | Technology, Product Reviews, Business

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.