Cape named ClearScore's second global tech hub

Cape Town has been named the second global technology hub for UK-based fintech company ClearScore Group, as the credit marketplace platform grows its footprint in South Africa.

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ClearScore, which helps consumers check their credit scores and access financial products, says its new local headquarters on Loop Street in the Cape Town CBD will support global engineering, product management and data analytics functions, alongside commercial and marketing operations for the South African market.

It expects to grow its local team to about 120 employees over the next 12 to 18 months.