January 24 (SeeNews) - Croatia's fintech startup Oradian said on Tuesday it is opening up a branch in South Africa to aid entrepreneurial development in this region.
Oradian, which offers cloud-based software for micro finance institutions (MFIs) in developing markets, recently expanded into the Philippines, it said in a statement.
The company also said that its expansion was made possible by an investment from German impact investing advisors Finance in Motion.
"Oradian is constantly investing in business development with the aim of bringing financial services to all people," Antonio Separovic, the company's director and co-founder, is quoted in the release as saying.
Separovic also said that Oradian has further expansion plans in Africa.
Oradian, based in Zagreb, is the fintech company behind Instafin - the award winning core-banking platform for financial inclusion. It was named by Forbes as one of the top five fintech startups in Europe.