Founded in 2012 by Durban-based entrepreneurs Matt Putman, Ramsay Daly and Clive Putman, iKhokha is redefining the way small and medium enterprises (SMEs) do business through mobile innovation, with the development and delivery of business tools that anyone can use to thrive in business.
“Winning this award from MTN Business is great recognition of the innovative work our iKhokha team is doing to help SMEs in South Africa, start, manage and grow their businesses,” says co-founder Putman. “We are working hard to fulfil our ambition to positively impact the lives of 1 million entrepreneurs in the emerging world and to build a path to international expansion.”
The MTN Business App of the Year Awards has established itself as the premier app development platform over the last 12 years and is the largest competition of its kind on the African continent.
iKhokha, which means ‘to pay’ in isiZulu, began its operation by supplying card machines and has grown into offering an array of business tools that enable ordinary South Africans to start, manage and grow a business.
The contribution by small business toward South Africa’s economy increased from 18% in 2010 to 40% in 2020. With an estimated 2.6 million micro, small and medium enterprises currently operating in South Africa, small businesses continue to foster economic growth, promote social development and create jobs.
“We hope this award leads to a collaboration opportunity with the MTN Group, as we believe we are very well placed to partner with them in bringing innovative business and payment solutions to their SME customer base in South Africa and abroad,” Putman says.