• FOUNDING YEAR: 2004
    LOCATION:
    South Africa
    REGION:
    GP
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
WIZZIT is a mobile banking solution provider that offers partner financial institutions and service providers mobile banking technology that can be integrated into existing systems. The company's banking solutions include: WIZZIT mobile banking platform (a fully functional electronic commerce and mobile banking platform), WIZZIT Merchant Platform (Agency Banking, manages the transaction processing and settlement to merchants), WIZZIT Cloud Hosted Solution (gives clients the ability to link into the WIZZIT Platform without the need for investment in infrastructure and IT support resources), WIZZIT Smart ESB (connectivity and transaction management system that allows banks and other financial service providers to increase the functionality and reach of their digital banking platform), WIZZIT Financial Services (mobile acquiring and merchant management), WIZZIT's Platform (customized app building).
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Ubank, SureBank, BPR, StanbicIBTC, Zanaco, Bank Windhoek, ICBank, NMB, Bank Gaborone, Compartamos Banco, Cavmont Bank, Banco de Occidente, KFC Bank
PRIMARY PROBLEM SOLVED:
The inability of banks to innovate at the same speed and level of efficiency as technology startups can, has left the door wide open for FinTech providers to capitalize. WIZZIT allows banks to balance the scale with the following advantages: minimal disruption to existing IT, potential to increase sales by 60%, decrease client acquisition costs by 20%, 8 - 12 week implementation, tailor made and customized to client's needs, reach unbanked and previously untapped massive market with mobile banking and mobile commerce solution.

PEOPLE

FOUNDERS:
Brian Richardson, Charles Rowlinson
NUMBER OF EMPLOYEES:
1000+

TRACTION

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MOMENTUM

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