Source: Disrupt Africa

South African fintech startup My-iMali raises funding from Crossfin

Mobile wallet platform My-iMali has raised funding from fintech holding company Crossfin to help it grow its customer base.

Founded in 2018, My-iMali has developed the BxChange E-Wallet App, an affordable, easy to use and convenient digital wallet that enables customers to make transfers to bank accounts, and top-up or purchase prepaid products and services.

The startup provides lower-income consumers with the ability to transact anywhere in the world without paying any monthly fees, and gives businesses a more affordable, safe and convenient channel for salary disbursements.