In the fintech world, going it alone is so 2020. Today, it’s all about teaming up, joining forces, and creating magic together. Enter the Collaboration of the Year award at the South African FinTech Awards 2025, where we celebrate the partnerships that have made us laugh, cry, and say, “Wow, they really did that!” This isn’t just about two companies working together; it’s about synergy, innovation, and delivering something extraordinary.

Let’s dive into why fintech collaborations are the ultimate bromance of business and highlight some partnerships that have reshaped South Africa’s financial landscape.

Why Collaborations Rule the FinTech World

Collaborations are like those buddy cop movies where opposites team up and achieve the impossible. One company brings expertise, the other brings reach, and together they tackle challenges that no single player could. In fintech, this means better services, smarter solutions, and a whole lot of innovation.

Here’s why collaborations are a big deal:

1. Shared Resources = Bigger Impact: When companies pool their strengths, they can achieve more. It’s like combining chocolate and peanut butter—better together.
2. Innovation on Steroids: Two brains are better than one, especially when solving complex financial challenges.
3. Customer-Centric Solutions: The best partnerships focus on making life easier for the end user.

1. Yoco and Payfast: A Match Made for SMEs

Let’s talk about Yoco and Payfast, two giants in their respective fields. Yoco brought its expertise in point-of-sale systems, while Payfast contributed its robust online payment gateway. Together, they created a seamless payment solution that’s perfect for SMEs navigating the tricky waters of in-person and online sales.

Why It’s a Bromance: This collaboration makes it easier for businesses to accept payments anywhere, anytime, giving SMEs the tools to thrive in a competitive market.

2. Lesaka Technologies and Connect Group: Bridging Financial Gaps

When Lesaka Technologies (formerly Net1) teamed up with Connect Group, they set out to tackle a massive issue—financial inclusion. Their partnership leveraged Connect Group’s merchant network and Lesaka’s fintech expertise to create innovative solutions for South Africa’s underserved communities.

Why It’s a Bromance: This is the fintech equivalent of Robin Hood—using technology to bring financial services to those who need them most.

3. Stitch and Chipper Cash: Simplifying Cross-Border Payments

Cross-border payments have long been a pain point for businesses and individuals alike. Enter Stitch and Chipper Cash, whose partnership is all about breaking barriers. By integrating Stitch’s API solutions with Chipper Cash’s payment platform, they’ve made sending and receiving money across Africa a breeze.

Why It’s a Bromance: This collaboration has turned a traditionally slow and costly process into something quick, affordable, and efficient.

4. Pargo and Amazon: Delivering Convenience

E-commerce in South Africa got a massive boost when Pargo joined forces with Amazon. By creating a network of pick-up points across the country, they’ve revolutionised last-mile delivery.

Why It’s a Bromance: They took the hassle out of online shopping logistics, making it easier for customers to get their parcels on time.

5. MTN and Mastercard: Driving Digital Wallet Adoption

MTN and Mastercard have been working hard to bring digital wallets to the masses. This partnership combines MTN’s extensive network with Mastercard’s financial expertise to create accessible financial solutions for unbanked communities.

Why It’s a Bromance: This is a perfect example of two powerhouses coming together to make a real difference in people’s lives.

6. Visa’s Africa FinTech Accelerator: Collaboration at Scale

If there’s one initiative that epitomises collaboration, it’s Visa’s Africa FinTech Accelerator. This programme brought together startups across the continent, including South Africa, to tackle the biggest challenges in fintech. The result? Game-changing solutions and partnerships that are shaping the future.

Why It’s a Bromance: By fostering collaboration among innovators, Visa has created an ecosystem that thrives on teamwork.

What Makes a Winning FinTech Collaboration?

Not all partnerships are created equal. The ones that stand out—like those vying for the Collaboration of the Year award—share these traits:

1. A Shared Vision: Both partners need to agree on the goal, whether it’s financial inclusion, improved payment systems, or something else entirely.
2. Complementary Strengths: Each partner should bring something unique to the table.
3. Consumer-Centric Focus: The best collaborations solve real problems for real people.
4. Flexibility: The ability to adapt to changing circumstances is crucial.

Lessons from South Africa’s FinTech Bromances

South Africa’s fintech landscape is a hotbed of collaboration, and there’s plenty to learn from the success stories:

• Focus on Value: Partnerships like that of TymeBank and Retail Capital show that the best collaborations create tangible benefits for their target audience.
• Be Bold: Breaking into new markets or adopting innovative tech can be daunting, but it’s often worth the risk.
• Communicate Constantly: Transparent communication is the backbone of any successful partnership.

Why Nominate Your Bromance for Collaboration of the Year?

The Collaboration of the Year award at the South African FinTech Awards 2025 is more than just a shiny trophy. It’s recognition for the hard work, creativity, and problem-solving that went into your partnership. It’s also a chance to showcase your success on a national stage, attract new opportunities, and inspire others to think outside the box.

How to Nominate: Submit your nomination now and tell us why your collaboration deserves the spotlight.

The Future of FinTech Bromances

As fintech evolves, the need for collaboration will only grow. Whether it’s AI, blockchain, or something we haven’t even imagined yet, partnerships will continue to drive innovation. The bromances of 2024 have set the bar high, but we can’t wait to see what 2025 has in store.

From digital wallets to cross-border payments, South Africa’s fintech collaborations have shown that teamwork truly makes the dream work. If your partnership has made a difference, don’t miss your chance to be recognised. Nominate now and join the ranks of fintech legends.