South African fintech startup StraTech, which develops enterprise infrastructure to power complex financial operations for businesses across Africa, has raised funding to accelerate its expansion and strengthen its product offering.
The company builds and engineers the critical “plumbing” behind corporate finance, including systems for payment processing, financial reconciliation, and corporate treasury management.
Its infrastructure is designed to help businesses in multiple industries handle large transaction volumes with accuracy, security, and efficiency.
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StraTech has secured the investment from VEA Capital Partners, the private investment arm of South African conglomerate VEA Group.
The undisclosed funding will enable the company to broaden its reach by moving into new industries and extending its footprint across Southern Africa, while also enhancing its core suite of financial technology products, according to Disrupt Africa.
To support this growth, StraTech plans to expand its workforce with new hires in engineering to drive product development, operations to improve client support and service delivery, and commercial roles to boost sales and market entry.
“They’re not building for the hype cycle. They’re building the rails the future will run on,” said Zander de Witt, co-founder and managing director of VEA Capital Partners.
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Image Credit: Disrupt Africa
