Street Wallet, a fintech startup based in Cape Town, has successfully raised USD 350,000 in new funding, bringing its valuation to USD 2 million. This investment aims to fuel the company's expansion, particularly in reaching more underserved communities within South Africa's informal economy.

• Raised USD 350,000 in funding, valuing the company at USD 2 million.
• Street Wallet was founded in 2021 to address the challenge of limited access to formal banking for approximately 1 million street vendors and small traders in South Africa.
• The solution provides traders with a lanyard card featuring a QR code, enabling customers to pay via various digital options like Apple Pay, Samsung Pay, and SnapScan.