South Africa’s Street Wallet raises $350,000 to expand QR payments for informal traders

Street Wallet, a South African mobile payment fintech, has raised $350,000 (R6.2 million) in funding at a valuation of $2 million (R35.5 million). The raise, led by undisclosed investors, will help the company deepen its reach into South Africa’s informal economy, grow sales, and expand operations nationwide.

Founded in 2021 by Kosta Scholiadis, Street Wallet aims to solve what he calls…