“Can a South African card-acquiring company become the financial operating system for the country's SMEs?”
Founded 2012 as a mobile card-acceptance provider for South African SMEs (card machines + low transaction rates). Has expanded well beyond acquiring into a broader SME operating system: cash advances (iK Cash Advance), online payments (iK Pay Gateway, iK Pay Link), debit card with same-day payouts (iK Debit Card), accounting (iK Accounting), business insurance (iK Business Cover), prepaid airtime/data sales, and a POS system. Owned by Adumo group (formerly Crossfin Transactional Solutions) which also operates Sureswipe and Innervation.
iKhokha processes payments through iK Pay Gateway (self-operated), iK Pay Link (self-operated), iK Pay API (self-operated), iK Buy Button (self-operated), iK Webstore (self-operated), iK Tap on Phone (self-operated), iK Flyer card machine (self-operated), iK Flyer Lite card machine (self-operated) and 1 other.
iKhokha's cards are issued through iK Debit Card (issuer undisclosed).
iKhokha integrates with iK Accounting (native).
The Embedded Finance Index 2026 maps 3 layers in iKhokha's stack: Payments / PSP (iK Pay Gateway (self-operated), iK Pay Link (self-operated), iK Pay API (self-operated), iK Buy Button (self-operated) and 5 others); Card issuing (iK Debit Card (issuer undisclosed)); Accounting (iK Accounting (native)).
iKhokha was founded by Matt Putman and Ramsay Daly and is founded in 2012, headquartered in Umhlanga Ridge, Durban, South Africa.
Get a read on where your own stack stands against iKhokha and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.