ikhokha

About

iKhokha is a South African financial technology company co-founded by Matt Putman, Ramsay Daly, and Clive Putman in 2012. The company is dedicated to empowering small and medium-sized enterprises (SMEs) by providing them with accessible and innovative mobile payment solutions and business tools. iKhokha's core mission is to accelerate entrepreneurship in South Africa by making it easier for anyone to start, run, and grow their business, thereby fostering participation in the digital economy. Headquartered in Umhlanga, Durban, a rapidly growing economic hub in South Africa, iKhokha has established itself as one of the fastest-growing fintech companies in Africa. The company offers a comprehensive suite of products and services designed to meet the diverse needs of SMEs. These include a variety of card machines for in-person transactions, point-of-sale (POS) systems, and online payment solutions such as payment gateways, payment links, and digital invoicing. iKhokha also provides a free mobile app packed with digital business tools, e-commerce products, and access to business funding through its iK Cash Advance offering. A key differentiator for iKhokha is its commitment to in-house product development, managing the entire product lifecycle from research and design to development, user testing, rollout, and evolution at its headquarters. This approach allows the company to offer competitive products at affordable prices, including some of the lowest transaction rates in South Africa, which decrease as merchants' sales volumes increase. Beyond payment processing, iKhokha supports merchants with tools for inventory and stock management, financial reporting, and business insights, all integrated into a single platform. The company has also expanded its physical presence by opening retail stores in various locations across KwaZulu-Natal and Gauteng to provide on-the-ground support and convenience to its merchants.