Deloitte Digital (Africa) acquired the fintech services business Jinja Interactive, according to IT Online. The acquisition of Cape Town-based Jinja Interactive will boost Deloitte Digital’s growing value chain of digital expertise, particularly in digital financial services and fintech innovation.
“We’re very happy to have the Jinja Interactive team joining us at Deloitte Digital,” commented Deloitte Digital Lead Director. “They will help reinforce our ability to set ourselves apart by engaging our clients with strategic and innovative thinking, emerging and exponential technologies and creative design.”
Established in 2006, Jinja Interactive offers accessible user-focused solutions for financial services clients. Morné Fischer, formerly Jinja Interactive MD, and now Deloitte Digital associate director, also shared his enthusiasm regarding the acquisition.
“Jinja Interactive’s core service offering remains strategy, design and digital development for wealth or asset management, with a specific focus on digital investment and advice management,” commented Fischer. “Digital Advice Management (aka Robo Advisory Services) has been a major growth market in recent years in mature economies, but is only starting to gain traction in South Africa. We believe that this global trend is perfectly suited to the South African market – it keeps investor costs down in an increasingly price-sensitive market, and it allows businesses to decrease the costs to administer individual investment portfolios, thereby broadening their market. We’re at a point where our clients agree that small incremental changes will not guarantee survival in this market. Breakthrough technology is what’s needed and they’re either going for it or they’re playing catch-up.”