The startup, which charges a ZAR10 fee per transfer, is focused on South Africa in 2020 as it integrates with instant money services provided by banks, but does plan to expand.
Apart from Japan, OTC Clear is also recognised by authorities in the US, European Union, and Australia to offer clearing services to their financial institutions.
Not only can we facilitate the payments, but we can support the preferred payment methods of the region, Andy Khawaja added, ¦we do more than support e-commerce – we stimulate growth and entrepreneurship.
The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.
Asset Control’s award, which was voted for by readers of A-Team’s Data Management Insight, was presented at a ceremony in London on Friday December 6th.