South African neobank expanding its services through strategic acquisitions.
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Fin, a South African neobank, acquired Thuthukani, a fintech firm, to expand its services. Thuthukani's housing finance service will be rebranded to Fin Home Loans and integrated into Fin’s portfolio. This acquisition aims to provide Fin clients with access to affordable financing and aligns with Fin's strategy of seeking partners in industries with similar needs.