Celbux

What they do:

Celbux provides large organisations and corporates with a regulated and controlled fund disbursement service, provides beneficiaries with a digital wallet to receive and transact and provides merchants with additional consumer base and the ability to accept digital currency for goods and services. Celbux can be used to send and receive money and to transact for free within the Celbux digital value economy

Cellbux currently offers clients the following products

- Bulk disbursement of funds as cash or spend vouchers

- Pay-out of funds to the likes of wage earners

- Control of funds by directing spend to specific channel under budget management

Why We Invested:

Product Market Fit: Signed up thousands of merchants in home market

Regulatory Approval: Regulatory bank signoff to provide white labelled solution

The Founder:

Meijert de Wijn is the founder of Celbux

Active in:

South Africa