bancX, a Johannesburg-based cloud platform has secured an undisclosed amount of funding from Capitec-backed investment firm Imvelo Ventures which will assist the startup to hasten the expansion of its experiential cloud-based banking platform in Africa and globally.

“We are very excited to conclude this investment with Imvelo who specializes in funding and advising high-growth fintech, as we embark on our growth aspirations. We are exploring multiple ways to work with our shareholders and partners to build out the next generation of cloud banking technology, not just in Africa but globally,” said BancX CEO David Rogers.

Read more... https://media.getfundedafrica.com/2021/02/23/cloud-based-banking-startup-bancx-secures-funding/