JOHANNESBURG – M.G Mpho Moteka couldn’t have imagined what good fortune awaited him when he lamented his ill-luck on popular social media platform Twitter, having lost a boilers’ production worth 50 thousand Rands to a recent rainstorm. With no hope in sight, Mpho had thrown in the proverbial towel and quit his dream. Seeing the photographic evidence he posted, showing dead birds littering the floor of their shed, along with the words ‘I quit’ was gut-wrenching beyond words. For Mpho, this was the final stroke.
But in a sudden and fortuitous twist of fate, DafriBank caught wind of the hashtag #SaveMphosBusiness started by South African Twitter influencer @SciTheComedist as a clarion call to good samaritans to ‘chip in what they can’ to save Moteka’s business. Without any hesitation, DafriBank stepped in to save the day by volunteering to rescue Mpho’s business with the sum of R50 000.00 at the approval of DafriBank’s founder Xolane Ndhlovu. Indeed a remarkable display of empathy and altruism. This is what the African spirit is about. Helping each other achieve seemingly unattainable goals and dreams.
At this point, DafriBank’s humanitarianism is no surprise. This digital banking juggernaut has consistently come to the rescue of Africans everywhere as part of its broader mission to facilitate an economically prosperous African continent. During the still ravaging COVID-19 pandemic, DafriBank has reached out to remote African regions, distributing food items and other essential items.
It also recently launched its 100 million naira educational empowerment program in Nigeria and has made other large donations to many under-resourced groups in other African countries.
The $10 million VC backed start up payment solution is a division of DafriGroup PLC, a South African public company which also owns DafriXchange and OMAHA Hotels. Described as the Next-Gen digital bank which its ecosystem allows costumers to send and receive money from over 180 countries in 60 seconds. In 2020, joing the group of private investors DafriGroup announced a $5 million dollars investment in DafriBank, . “The board’s decision to invest in DafriBank rests on the massive potential embodied by its unique digital banking solutions turning one of the continent’s difficult challenge into a global business opportunity, and we are excited to see the bank become an industry juggernaut.” This was the sentiment of the founder, and chairman of DafriGroup PLC, Xolane Ndhlovu at the time.
“Banks are being fundamentally challenged to keep up in today’s increasingly digitally focused market. Challenger banks (AKA digital native entrants) and neo banks are rapidly gaining traction, unencumbered by the constraints of legacy business models and core systems. DafriBank is set to provide reimagined products and the type of simple and insight-driven experiences that today’s digitally savvy customers expect” the company said in a statement
“Our 2021 immediate plans is to be a preferred digital bank in Africa- a continent with the inglorious distinction of being amongst the most unbanked and poorest population in the world” it added.
The bank launched DBA Currency in November 2020, an alternative currency to be used across its ecosystem in quest fight constant devaluation of paper money and has filed its IPO for the end of February 2021.IPO for the end of February 2021.
As DafriBank help saved Mpho’s dreams it can help drive your business too, as it advances on its mission to achieve a better Africa.
