Adumo, a South African based fintech company has raised US$15-million from the IFC. Adumo is a smart payment solutions fintech company that provides its services to small businesses, private retailers as well as large multinational companies. Adumo has a group of operating companies known as Sureswipe, iKhokha, Humble, Innervation Pan African Payment Solutions and Innervation Rewards. The group operates in 14 African countries and has previously attracted investors such as Crossfin Technology and Apis Partners.
IFC is the finance provider of the World Bank with more than 60 years of experience in unlocking private investment and therefore delivering more than $285-billion in financing for businesses in developing countries.