Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.
Through its digital infrastructure, Pumpkn aims to make financing more accessible and affordable, lowering the costs for both borrowers and lenders. Farmers and food processors can apply for loans ranging from R5,000 to R5 million and receive funding within 10 days — an expedited process compared to traditional banking channels.
Under POPIA, companies found to have breached data protection rules face severe penalties, including fines of up to R10 million (roughly $550,000) or prison sentences of up to 10 years.
The programme will provide selected startups with hands-on support, including access to Plug and Play’s global offices and its network of multinational corporations .
