NEXT176 and Byte Orbit are pleased to announce the official launch of NEXT ORBIT, a new venture studio to develop innovative tools to help South Africans tackle their biggest financial challenges.

With the growing challenges of high debt levels and limited access to financial services, NEXT ORBIT seeks to deliver scalable, accessible solutions that empower South Africans to manage their finances better.  NEXT ORBIT’s mission is not only to create products but to develop real-world solutions that truly address users' needs - whether it's helping parents teach their kids about money or making debt management easier for families.

By merging NEXT176’s expertise in building impactful ecosystems with Byte Orbit’s tech know-how, this joint venture is set to create initiatives that make a real difference in people’s lives.

“We’re excited about what this collaboration represents – it’s an opportunity to leverage our combined capabilities to address key gaps in the market,” said Tramayne Monaghan, Chief Ventures Officer at NEXT176. “NEXT ORBIT is about creating scalable, innovative solutions that drive meaningful impact across our core focus areas: empowering job creation and business ownership, enabling sustainable debt management, and protecting family incomes. By working alongside Byte Orbit, we are laying the foundation for a future where businesses and communities alike benefit from transformative, integrated solutions.”

Byte Orbit's Managing Director, Martin Ras, added, “Partnering with NEXT176 unlocks an incredible opportunity to blend our strengths in technology with their deep understanding of the financial landscape. NEXT ORBIT is about developing tools that not only meet the needs of the individual but are also adaptable for businesses looking to innovate and scale their financial offerings.”

NEXT ORBIT is embracing emerging trends in the financial sector, prioritising approaches that are more personalised and community-driven. Despite numerous financial products on the market, many don’t offer the comprehensive support families need. In an industry that’s been stuck in a one-size-fits-all mindset for far too long, NEXT ORBIT is offering an alternative. NEXT ORBIT’s mission is to close these gaps, providing solutions that enhance financial stability and empower families to make better financial choices. “For example, the shift towards using AI-powered tools and integrated financial platforms means we’re looking at debt management differently - it’s about supporting consumers through sustainable repayment paths, not just collecting payments.”, adds Monaghan.

The new venture is about creating empathetic, data-driven, and integrated solutions that actually make a difference. Instead of sticking to the traditional way of managing finances, NEXT ORBIT is focused on empowering consumers, protecting their interests, and driving more sustainable financial practices that work for real people.