Funding has been obtained by South African fintech startup StraTech, which specializes in creating vital enterprise infrastructure that drives intricate financial operations for companies throughout Africa, in order to propel its growth and improve its product capabilities.
The crucial “plumbing” for corporate finance is designed and supplied by StraTech, which also offers advanced systems for corporate treasury management, financial reconciliation, and payment processing. Businesses across a range of industries that must accurately, securely, and efficiently handle high transaction volumes depend on this infrastructure.
The South African conglomerate VEA Group’s dedicated private investment division, VEA Capital Partners, has now contributed an undisclosed sum of money to the startup. With the help of the funding, StraTech plans to broaden its geographic reach into more Southern African regions, target new industries, and improve its core product line.
StraTech will be actively seeking new hires to support this expansion in a number of critical departments, such as engineering for product development, operations for customer service and support, and commercial for sales and market penetration.
“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.
