Who are we? Who are we offering our services to?

Byte Money is an African Financial Technology business (est 2009) operating in the insurance, banking and transaction industries across South Africa. We offer a transaction platform focused on the needs of Insurance providers backed by professional technical and consulting services. Our clients range from enterprises supplying group insurance underwriting services to the SMME insurance broker out in the furthest regions of South Africa.

Byte Money also intends to develop and offer the intellectual property across legal, financial and market-insights that we can provide to new and growing financial service providers in order to ensure their successful development in service to their communities.



What do we offer?

We offer a transaction platform focused on the needs of Insurance providers backed by professional technical and consulting services. "The collection, reconciliation, allocation and distribution of payments for account and contract-based services”.

Byte Money also intends to develop and offer the intellectual property across legal, financial and market-insights that we can provide to new and growing financial service providers in order to ensure their successful development in service to their Communities.



Where are our services available?

South Africa currently has a highly regulated insurance market with one of the highest penetration rates in the world. The financial market is well developed with many small, medium and large companies operating across the country. South Africa has a well-developed infrastructure in the high-density areas and is predicted to continue attracting investment in key development zones. As this is currently Byte Money’s only country of operation, South Africa represents the first point of opportunity for immediate, short-term growth. Over-all we believe South Africa represents a market of at least 20 000 mobile, card-capable, POS-based channels to Byte Money, with approximately another 20 000 mobile, cash-only, POS-based channels.



Why are we doing this?

  • To unlock the latent potential and capital in the unbanked and rural citizens of Africa by providing professional, decentralised and regulated financial tools to the entrepreneurs and financial service providers of these Communities.
  • To provide a core, shared transaction platform that enables financial service companies to cooperate and coordinate in providing banking services to the rural and peri-urban areas across the continent. Empowering communities, financial upliftment, fostering and mediating community trust.
  • Personal financial responsibility and development.
  • To give as many people and communities across the continent the gift of financial freedom and independence.
  • To enable entrepreneurs to conduct the businesses profitability, responsibly, legally and compliantly.



Company History

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Company History
88 Miles Per Hour

BSimple, Time, Tracking. Time tracking for freelance, designers, developers and copy writers.

Breega

A European VC built by founders to propel start ups to global success.

Business Partners

South Africa's leading risk financier for small and medium sized businesses

  • Signing up with byte is going to help your business grow, (growing tree icon)
  • Accept in person card payment with Byte Money
  • Byte Money is able to - identify the barrier, understand the barrier and overcome the barrier
  • Byte Money: Your Partner in insurance payment technologies
  • If you need a payment system that is keeps up with your business, Byte Money is here for you.
  • We help you manage your financial administration more securely, so you can feel secure in you business
  • Acceptable, Reliable, Secure
  • We have the right administration solutions to help manage your payments
  • We recognise the importance of a reliable payment administration system between you and your clients. We understand that you need acceptable, reliable and secure solutions and believe that technology is at the heart of this process. Byte Money brings this to your doorstep in the form of unique products that are tailored to your business needs.
  • Big or small we are here to help you grow your business
  • We focus on the marriage between money and technology systems, all forms of transactions
  • Changing the way south african companies administer transactions, one byte at time
  • Administration solutions to turn opportunities into success