Street Wallet raises $350,000 to expand QR payments for informal traders

▤ Summary

Street Wallet raised $350,000 at a $2 million valuation to expand its QR payment platform for informal traders in South Africa. The company helps street vendors and other cash-based service providers accept digital payments through QR-linked vendor profiles and instant SMS confirmations. It then settles funds overnight into withdrawable vouchers, which supports merchants that need fast access to cash. Street Wallet also plans to add AI-driven analytics tools and expand into tourism and wage disbursements across more South African cities.

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