FNB has expanded its Solopreneur offering, a dedicated banking platform that allows self-employed South Africans, freelancers and independent workers to manage personal and business finances within a single banking profile. Users do not need to register a business or open a separate account to use it.
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What the platform offers
Solopreneur combines accounts, payments, merchant services, rewards, tax support and advisory services in one ecosystem. The platform is designed for people who already run side businesses or freelance work through their personal accounts and gives them the tools to formalise and grow their finances as they scale.
Why it matters
According to Statistics South Africa, the informal sector accounted for 21.4% of all employment in Q4 2025. FNB estimates South Africa’s self-employed community at around four million people, and says just over 54% of its Private Bank clients are already self-employed.
What FNB says
Sizwe Nxedlana, CEO of FNB Private Banking and Wealth Management, said in the announcement, “Freelance and contract work are growing, with more South Africans earning outside conventional employment through project-based or entrepreneurial work.”
