Kholo Capital finances Bayport SA to reduce over-indebtedness

Kholo Capital has provided Bayport South Africa with ZAR 200 million in mezzanine financing to expand the Bayport SA Financial Wellness Solutions Programme. This programme aims to reduce over-indebtedness among South African employees by implementing debt management processes and financial literacy initiatives. Employees benefit from debt reduction negotiations, personalized financial assessments, and coaching sessions.

In South Africa, more than 60% of employees are over-indebted, and 74% of their income is spent on debt repayment. Bayport SA works with more than 70 employers to improve their employees' financial well-being through digital tools and integrated solutions. The initiative leverages partnerships with employers to promote lasting changes in employees' personal financial management.