South Africa’s cloud platform builder, Jini Guru is partnering with Azilen Technologies, a product engineering company, to build innovative fintech solutions for emerging markets.
According to Mike Smits, co-founder, Jini Guru, the collaboration between the two companies is expected to bring immense skills to the local fintech market.
“Azilen has over a decade of lean product engineering experience across a variety of vertical sectors. Together with Jini Guru’s local fintech knowledge and experience, we are excited to build solutions that extend across payment and banking applications,” says Smits.
The South African financial service industry is in a disruptive phase with many new market entrants challenging traditional business models: “Servicing the unbanked is one of many significant market opportunities. There are many market players attempting to gain access to this R23B cash economy within the fintech space,” says Smits.
“Azilen is proud to collaborate with Jini Guru. Working closely together will open up avenues to successfully leverage and exchange our fintech industry knowledge and capabilities to build robust digital payment solutions,” says Naresh Prajapati, CEO of Azilen Technologies.
Extending across payment, banking and wallet applications; integration services, payment gateway services and location-based security systems, the Jini Guru and Azilen partnership will bring additional scale and cost savings for the South African fintech space as well as the technical expertise needed to assist clients to meet the digitally evolving needs of their customer base.
“We were looking for a product development partner that has solid user experience and the technology expertise to digitise our fintech product ideas and business concepts. Azilen Technologies impressed us with their domain expertise during the product visioning process and we are ready to extend these services to the broader market,” says Smits.