LifeCheq, a fintech startup in South Africa, has raised $2.5 million from Naspers Foundry

Naspers has led a $2.5 million funding in LifeCheq, a fintech platform that empowers monetary advisers to offer high quality, complete monetary recommendation, via its early-stage tech funding firm Naspers Foundry. 

Since its inception in 2018, LifeCheq has assisted over 45,000 individuals in South Africa with monetary planning and help. 

Monetary planners can use LifeCheq’s AI-powered platform to enhance shopper expertise and improve effectivity. Its platform combines built-in workflows and an internet dashboard to offer clients with a centralized location to handle their private funds and set and monitor monetary targets. 

“We’re dedicated about aiding companies who make a significant contribution to society,” mentioned Phuthi Mahanyele-Dabengwa, Naspers’ South African CEO. LifeCheq can present holistic, individualized monetary steering to beforehand underserved South Africans. Persons are being empowered via LifeCheq to take management of their funds, thereby enhancing their monetary well-being and social inclusion. This funding is in keeping with our technique of specializing in purpose-driven know-how firms.” 

This Collection A spherical of funding will go towards new applied sciences and capabilities that can assist LifeCheq scale its platform, enhance its companion expertise, and broaden its shopper base.


Learn extra on Tech Gist Africa:

Talk360, a South African firm, has raised $4 million in a seed spherical to develop its calling enterprise

JABU, a last-mile distribution e-commerce retail platform in Namibia, has raised $15 million in a Collection A spherical of funding

FoondaMate, a South African ed-tech startup, has raised $2 million in seed funding

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