Payfast Founder Acquires iVeri
IT News Africa | Mamsi Nkosi - Apr 14, 2026
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- Jonathan Smit has acquired iVeri, enhancing the fintech landscape in Africa.
- iVeri has a nearly 30-year legacy in payment infrastructure, known for stability and trust.
- Smit aims to innovate while maintaining reliability and consistency for existing clients.
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The acquisition of iVeri by Jonathan Smit is a strategic move that not only preserves the legacy of a trusted payment provider but also positions the company for future growth in a rapidly evolving fintech landscape. This local ownership is crucial for understanding and addressing the unique challenges faced by African businesses, and Smit's commitment to innovation while ensuring reliability is commendable.
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