South African Startup, Lipa Payments Brings “Tap to Pay” to Africa’s Informal Sector, Secures Millions
Lipa Payments, a South African fintech startup, has raised R10 million ($659 thousand) in funding from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank SA. Lipa Payments was a finalist in Capitec Bank’s 2020 Life 2.0 Hackathon. With its software solution that allows merchants to accept contactless payments directly from a mobile phone,…