Digital lender Bank Zero could be ready for mid-year launch

February 13, 2020

South African challenger bank Bank Zero might be opening within the next few months, according to The Africa Report.

Lezanne Human, the executive director at the app-driven bank, told the publication that the FinTech firm is checking its systems, but that it aims to be ready by mid-2020.

The news comes after the lender obtained a provisional banking licence from the South African Reserve Bank in 2018 and the bank going live with a credit card int debit card.

There is a lot of interest in African FinTech. The continent’s industry has attracted over $1.1bn since 2014, according to FinTech Global’s data.