One of the market leaders in the fintech space in South Africa, iKhokha, has announced the launch of a new smart card machine that fits into your pocket, called the iK Flyer Lite. This new offering follows the success of the flagship iK Flyer card machine, launched in 2022, which far surpassed initial sales expectations.
“iKhokha is bringing to the market a super smart card machine that is affordable, reliable, fits in your pocket, looks professional, settles money the next day, and can be used as soon as you buy it, ” says iKhokha CEO and co-founder, Matt Putman. “This is another step in our mission to help entrepreneurs and SMEs to believe in better business by enabling them to access the latest technology, as well as benefit from a host of additional support and business tools”.
iKhokha says that this device is aimed at small business owners who are looking for affordable mobile card machines to accept card payments anytime, anywhere. The software runs on Android and does not need any Bluetooth pairing with a smartphone. It is a complete standalone product.
This offering also allows merchants to access iKhokha’s all-in-one suite of intuitive business tools, including a cash advance product, easy-to-use dashboard, sales reports and business insights.
There are no monthly subscription or rental fees, payments to merchants are processed within as little as a day, and the device can be used as soon as it is purchased.
Customers who buy the iK Flyer Lite will also have dual sim connectivity which will ensure constant coverage, especially in outlying areas and during power outages. Merchants are also able to access system upgrades through the iKhokha app, with updated tools available at the push of a button.
The iK Flyer Lite is available at only R999, meaning that it is lighter in your pocket and on your pocket. It can also operate all day once charged.
iKhokha merchants who have been trading for three months or more are also able to take advantage of iKhokha’s cash advance benefit. iK Cash Advance enables access to up to R 1 million in funding to help businesses to grow.
iKhokha incentivises merchants with dynamic pricing – the more they trade, the lower their transaction rates. iKhokha is continuing to grow and empower South African small businesses with a revamped website with content to help SMEs start, manage and grow their business, plus management tools and access to the best rated support in SA, all at no extra cost.
Sales of the iK Flyer Lite are expected to ramp up in the coming months as more business owners realise the advantages of this convenient, cost-effective, and flexible payment solution. The iK Flyer Lite is available on the iKhokha website as well as through major retail stores. See ikhokha.com for a full list of partners and retail locations.
About iKhokha
iKhokha is a South African technology company redefining the way SMEs do business through mobile innovation. iKhokha believes that everyone should have access to the digital economy. Their mission is to promote financial inclusion by developing and delivering business tools that anyone can use to thrive in business.
A start-up founded in 2012 by Matt Putman, Ramsay Daly and Clive Putman, iKhokha is today one of the fastest-growing fintech companies in Africa. Despite its growth, the company has insisted on keeping the vibrant culture and mindset of an innovator and maverick, growing its talent pool with like-minded individuals to keep pushing boundaries and uplifting the powerhouse of the economy: small businesses.
iKhokha sees technology as the gateway to financial freedom. Their vision is to create easily accessible, user-friendly products that help business owners to start, manage and grow their businesses to support the SME sector and inspire South Africa’s economic recovery.