The iKhokha Journey: From a Durban Garage to a R1.65 Billion Exit
with Matt Putman

Most people now know iKhokha as one of the local fintech giants that were recently acquired by Nedbank for R1.65 billion. Today, the platform processes north of R20 billion in annual card payments and puts roughly R1 billion worth of working capital into the hands of small businesses every year. While these numbers are massive, the actual story of how that business was built is far from the polished version you see in the headlines. It is a 14-year journey that began in a family garage in KZN and involved over a decade of fighting for every inch of growth in a heavily regulated and competitive market. On 11 February, Mark Sham and Matt Putman will ignore the PR headlines to look at the actual mechanics of how this business survived and thrived.