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SOLmate logo — Your Money. Your Life. Your Way.

SOLmate

Your Money. Your Life. Your Way.

Founded 2017 South Africa South Africa 44 employees Seed Total: $4.30M Finance, Financial Services +3

General Information

Company Name SOLmate
Founded Year 2017
Location South Africa South Africa
Employees 44
Industries Finance, Financial Services, Payments +2
Funding Stage Seed
Business Model B2C, Platform, Marketplace
Revenue Model Transaction Fee, Subscription, Marketplace Fee
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About SOLmate

SOLmate, a fintech startup founded in 2017 and headquartered in South Africa, is on a mission to transform the financial services landscape for underbanked populations. With its slogan, "Your Money. Your Life. Your Way.", the company emphasizes flexibility and empowerment for its users. SOLmate's platform offers a secure way to manage money while providing access to financial and lifestyle products, services, and rewards.

Operating in the Finance, Financial Services, Payments, Platforms, and Trading Platform industries, SOLmate is poised to redefine convenience and reliability in fintech for everyday people. The company received a $4.30M seed round investment from Skywell Capital Partners on 01 November 2018, showcasing early validation and financial backing for their mission. Investors will find SOLmate's approach to unlocking new possibilities for underbanked communities both socially impactful and financially promising.

Business keywords: underbanked population services, digital banking solutions, payment platform, virtual debit card, financial inclusion, digital wallet, peer-to-peer payments, bill payment services, prepaid services, foreign exchange, remittance solutions, online shopping integration, financial products access, customer rewards program, mobile financial services

Services & Products

SOLmate Account
Physical & Virtual Card Services
Cash In/Out at Stores
ATM Withdrawals & Deposits
EFT Payments
E-wallet Transfers
WiCode Payments

Target Customers

Migrant Workers Unbanked Individuals Low-income Earners Digital-savvy Users Transnational Families

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $4.30M 1
Skywell Capital Partners
Skywell Capital Partners
01 Nov 2018

SOLmate Alternatives & Competitors

View All Alternatives
SOLmate vs
SendMore, Inc.
SendMore, Inc. United States

Send & receive money Instantly. Anytime. Anywhere.

2 employees
Crypto, Financial Services
Compare SOLmate vs SendMore, Inc.
SOLmate vs
Mukuru
Mukuru South Africa

One of the largest money transfer providers in Africa and a leading next-generation financial servic...

2356 employees
Finance, Financial Services
Compare SOLmate vs Mukuru
SOLmate vs
PayQin
PayQin United Kingdom

Making online payment simple for emerging countries.

Series A
16 employees
E-Commerce, Financial Services
View all alternatives

FAQ About SOLmate

Your Money. Your Life. Your Way.
SOLmate was founded in 2017.
SOLmate is headquartered in South Africa.
SOLmate operates in Finance, Financial Services, Payments, Platforms and Trading Platform. Its work centres on underbanked population services, digital banking solutions, payment platform and virtual debit card. Its customers include Migrant Workers, Unbanked Individuals and Low-income Earners.
SOLmate has a B2C, Platform and Marketplace business model. Its revenue comes from Transaction Fee, Subscription and Marketplace Fee.
SOLmate has approximately 44 employees.
SOLmate has completed 1 funding round, raising a total of $4.30M. The latest funding stage is Seed.
SOLmate offers: SOLmate Account, Physical & Virtual Card Services, Cash In/Out at Stores, ATM Withdrawals & Deposits, EFT Payments, E-wallet Transfers, WiCode Payments.
Top alternatives and competitors to SOLmate include SendMore, Inc., Mukuru, PayQin, Paynetics, NEXTPLS. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SOLmate and SendMore, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SOLmate, https://bouncewatch.com/company/solmate, updated 11 April 2026. When citing, please name BounceWatch and link this page.

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