Nedbank Buys iKhokha for R1.65B to Boost SME Push
- Nedbank acquired iKhokha for R1.65 billion in an all-cash deal.
- The acquisition is aimed at empowering the SME market.
- iKhokha offers mobile point-of-sale card machines and business management tools for SMEs.
The acquisition of iKhokha by Nedbank represents a strategic move that could significantly enhance the financial services available to SMEs in South Africa and potentially across Africa. This deal not only strengthens Nedbank's position in the fintech space but also highlights the growing importance of supporting small businesses in the region.
