About Electrum

Next Generation Payments Technology

Electrum is not just a cloud payments technology company - we are a knowledgeable, trusted partner in streamlining financial transactions using modern, technology-driven solutions. Since 2012, we've carved out a leading position in the payments technology market, earning respect for our expertise in delivering top-notch enterprise solutions that impact over 25 million South Africans annually. 

When it comes to delivering at scale, speed, and reliability, our cloud payments technology is the trusted choice for South Africa’s leading financial services organisations. Handling up to 150 transactions per second for value-added services, we've earned a solid reputation with a 99.99% uptime by leveraging modern, secure cloud technology. Four of the leading South African banks trust us for their payments optimisation.

We're lightning-fast in turning ideas into scalable solutions. We helped one of South Africa's leading banks to go live with PayShap on a modern architecture, rapidly. With an always-on service, seamless pre-built integrations for BankservAfrica schemes and over 60 connections for VAS payments, we help our clients stand out in the financial services landscape.

Electrum is synonymous with cost-effective, cutting-edge software that gets you to market fast with an agile solution that you can trust. We are a registered Systems Operator under the New Payments Systems Act, our solutions are designed for ISO 20022-enabled use cases, and maintain our ISO 27001 certification to ensure best-in-breed payments technology.

At Electrum, we understand the complex landscapes of major banks, retailers, insurers, and telcos. Our solutions blend business and technology know-how, to keep our customers ahead of the curve and set up for success. We're proud of our agility because, in the rapid world of payments processing, speed isn't just an advantage, it's the key to success.

Our Clients

Trusted by many of South Africa's leading companies

Dave Glass


Dave co-founded Electrum in 2012 and has played a key role in turning the company into the leading enterprise payments software company in South Africa. He has a Bachelor of Commerce from the University of Cape Town and a Masters in Information Systems from Trinity College Dublin, Ireland.

Eon Joubert


Eon co-founded Electrum in 2012 and has been instrumental in ensuring that the company delivers technology that contributes to shaping the future of payments in South Africa. He has a Bachelor’s degree in Mathematical Science from Stellenbosch University and an Honours degree in Computer Science at the Open University.

Karin Hunter


Karin is an academic-turned-director who heads up Electrum’s Operations. Her role is focused on scaling Electrum while maintaining connections with the people behind the company’s success. Karin holds a PhD in Mathematics from Stellenbosch University, along with several certifications from various institutions.

Anton van Zyl

Head of Partnerships

Anton is a Chartered Accountant who has carved a path as a partnership-focused commercial professional and business leader in the fintech industry. He holds a BCom Law degree from Stellenbosch University, and an MSc in Industrial Relations and Labour Economics from the University of Oxford, amongst other qualifications.

Werner Pyke

Head of Product

Werner has worked for different companies in the payments industry throughout the last two decades – from fintech startups to multinational corporations. He started working in the Southern African and US community banking and payments industries after completing a Bachelor’s degree in Information Science at the University of Pretoria.

Ferdi Immelman


Ferdi’s experience in data operations and management spans over two decades, across a variety of software companies. As the CIO, he plays a core role in managing Electrum’s security and compliance, data, and technological infrastructure. Ferdi has a Bachelor’s Degree in Software Engineering from the University of South Africa.

Lyndon King

Head of Professional Services

As Electrum’s Head of Professional Services, Lyndon ensures the sound delivery of each project Electrum partners with clients on. Lyndon’s career began in 1995 after he completed a BCom in Information Systems and Financial Accounting, and an Honours degree in Information Systems from the University of Cape Town.

Zayd Hendricks

Head of Engineering

Zayd became a Director at Electrum in 2018, having worked in Software Engineering for over a decade at the time. In his role as Head of Engineering, Zayd ensures that Electrum continues to thrive as an engineering-centric business. Zayd a Master’s degree in Computer Science from the University of Cape Town.

Mpho Sadiki

Non-Executive Director

Mpho Sadiki is a seasoned payments professional with over 14 years of payments innovation experience and executive accountability, spanning a variety of wholesale and retail payments products and solutions. As well as serving as Head: Real-Time Payments (RTP) at BankservAfrica, he spent years serving in executive roles at Nedbank. Mpho holds a Master of Business Administration (MBA) from Wits Business School, and has also graduated from two extended degree programmes abroad.

Alewyn Burger

Non-Executive Director

After beginning a career as a Mathematical Statistics lecturer, Alewyn stepped into the banking world over 40 years ago - where he has made a significant impact in some of South Africa’s top banks over time. Alewyn holds several qualifications, including a Ph.D in Mathematical Statistics from the University of South Africa, as well as an Advanced Management Programme certificate from Harvard Business School.

Why Electrum?

A scalable Platform designed for high-volume, low-value Payments and Value-added Services transactions

Up to 150 transactions per second

Peak transactions per second processed for digital goods and services

99.99% uptime

As reported by cloud providers

Over 25 million South Africans reached

2 out of 5 South Africans use a service provided by Electrum

The Electrum Journey


Electrum is founded by Dave Glass, Eon Joubert and Dirk Potgieter with the mission of finding a better way to process payments.


First company strategy getaway


Moved into Castle Mews offices

Electrum Console released to customers

Processing over 100 transactions per second


First family getaway in Mauritius

Integration to over 50 third-party service providers


Start of the Graduate Development Programme

ISO/IEC 27 001:2013 compliant


Developed training for customers


Reached 50 employees

Published first Digital Goods and Services Report

Launch of BackOffice for reconciliation and settlement


Clocked over 100,000 hours of coding


4 billion transactions processed in 12 months

Digital Goods and Services comprises of 7 categories with the addition of Ticketing

Hosted first Open Payments Conference

Launched Electrum's Payments Platform for modernising payments

Graduate Programme extended to all business areas


100 team members and still growing

Published first Payments Report

Hosted the Open Payments Conference in Johannesburg

Developed the Fast Payments Testing Platform in partnership with BankservAfrica

Systems Operator authorisation by PASA

Watch this space!

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