Sureswipe has acquired a 50.1% majority stake in the Point of Sale software company Humble Till.
The local FinTech firm said the move will enhance it’s offering to small and medium-sized businesses using card payment solutions in-store by offering them an affordable and integrated solution.
Humble Till is South Africa’s most advanced cloud-based Point of Sales system that works on a variety of platforms like Apple’s iOS, Android and the web, which makes it easy and affordable for SMEs.
“The convenience of easy payments using the humble Till app was a natural fit to Sureswipe’s ethos of making card acceptance payments hassle-free for all independent retailers in SA,” Sureswipe MD Paul Kent says.
Sureswipe and Humble Till are both South African companies that have been servicing the SME sector for around two decades.
“We share a client focus on independent retailers and a business focus on helping them run and manage their stores better,” Kent adds.
Sureswipe is one of South Africa’s first card payment service providers established in 2008 to make card payment acceptance easy and accessible to all independent retailers and service providers.
“We wanted to build a Point of sale app that is as easy to set up as it is to use, and doesn’t need an ‘IT guy’ to get it going. And this is what we accomplished. The ease of our offering has also allowed us to pass cost savings onto our customers. Independent retailers have access to the technology from anywhere on any device and access retail analytics and insights on what is happening in their business at any one time,” Humble Till’s CEO Christiaan Mienie says.
Both Sureswipe and Humble Till will continue to operate separately under the own brands
but will leverage synergies by extending their service offering to their customers across South Africa.