• South African fintech Sticitt streamlines school payments and money use

• App helps parents track spending and teach financial responsibility

• Partnership with Paymentology expands financial literacy among students

South African entrepreneur and financier Theo Kitshoff is the co-founder and CEO of Sticitt, a fintech company dedicated to transforming financial management in schools. Founded in 2017 with partners Mitch Dart and Dennis Wevell, Sticitt provides digital solutions to simplify payments within the education system and promote financial responsibility among children.

Through its mobile application, Sticitt Wallet, parents can fund a digital account from their phones, allowing students to pay for school meals, field trips, or tuition using a QR code, card, or payment wristband. The system gives parents full visibility over expenses and allows them to set spending limits, helping families guide children’s use of money.

For schools, Sticitt eliminates the burden of handling cash by automating and securing transactions, which reduces administrative workload and financial risk. This enables school staff to focus more on teaching and student engagement.

In February 2025, Sticitt partnered with fintech Paymentology to strengthen financial literacy among South African students through a Mastercard debit card program designed to encourage responsible financial habits from a young age.

We’re proud to announce our partnership with @sticcit

Together we are building a financially empowered future for South Africa’s by shaping the next generation of financially responsible individuals while making school #payments effortless.https://t.co/rqkVgG1E9K pic.twitter.com/6Q4patqESx

— Paymentology (@Paymentology) February 4, 2025

A member of the international OPUS collective of founders and entrepreneurs, Kitshoff holds a bachelor’s degree in financial mathematics from Stellenbosch University (2011). He began his career at Absa Capital in 2012, working in capital management and balance sheet optimization, before joining Fundi SA in 2016 as product manager and later head of new business development.