The platforms offers South Africans tools to build wealth, manage debt, and achieve financial wellness.
Vault22 , backed by Standard Chartered Bank and Old Mutual , launched earlier this week in South Africa, aiming to make financial management accessible to a broad population.
Vault22 offers tools for financial planning, targeting a significant need in a country where only 24% of the population reported feeling financially stable, as indicated by the 2023 FinScope survey.Vault22’s launch comes at a time when South Africa faces a growing demand for financial literacy and inclusion solutions.
Benito Mable, founder and CEO of Vault22, said, “Wealth management remains largely exclusive to high-net-worth individuals who have access to private banks and advisory networks. Our mission has been to build an inclusive digital platform that empowers users to make informed financial decisions daily, improving their financial well-being and enabling them to plan and invest in their future.”
SC Ventures NEXT176 Standard Chartered Bank Old Mutual Finscope 22Seven
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