Digital payment management platform Beyonic, a graduate of Barclays and Techstars' Cape Town accelerator, has been purchased.
Digital payment processor MFS Africa has acquired Beyonic, a South Africa-based business finance management system and graduate of an accelerator backed by financial services firm Barclays.
Beyonic has created a software platform that helps businesses digitally manage and disburse capital through payroll, petty cash and expenses. The deal will widen MFS Africa’s product offering while giving Beyonic customers access to a wider range of financial services.
The company had graduated from Barclays and accelerator operator TechStars’ joint South African venture,…
