South African cashless payments startup Sticitt has raised ZAR4.25 million (US$249,000) in funding so far this year to cover operational expenses to support its current market rollouts.

Founded at the beginning of 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff, Sticitt was launched to establish a simplified banking alternative. Its wallet-based payment platform Sticitt Pay provides niche communities with an alternative payment solution to cash, formal banking and card-based payments.

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