Enabling Digital Commerce
Crossfin invests in FINTECH solutions to enable growth for economies in emerging markets, particularly Africa, and beyond
VISION
By 2024 Crossfin Holdings is targeting to be the leading independent Fintech portfolio as measured by both the volume and value of transactions processed through our platforms, past and present, driven by the continued introduction of products, services & customers facilitating the ongoing growth of the digital commerce ecosystem.
MISSION
Building and investing in great Fintech businesses to enable growth for economies in emerging markets, particularly Africa, and beyond.
IN NUMBERS
+R100
+R15
+R1
+R1.5
R80
+R800
Billion
Acquiring
value
annualised
Billion
Value of mobile transactions
annualised
Billion
Issuing value annualised
Billion
Million
Total value of money deposited at retail till point onto cards, annualised
Total gold
assets under management
Million
Value issued to
rewards & incentives annualised
+300
61.5
Million
Million
Acquiring
volume
annualised
Volume of mobile transactions
annualised
3
+2.1
1850
Million
Issuing volume annualised.
Million
Pax
Number of own loyalty consumers
Total headcount
across the portfolio
R1.7
Billion
Total value of funds advanced to merchants to date
CROSSFIN RAILS
RETAIL
STORES
ACTIVE CARD TERMINALS/
LANES
CLIENTS IN
23 AFRICAN COUNTRIES
RETAIL POS
INTEGRATIONS CERTIFIED
VAS
PROVIDERS INTEGRATED
OVER
35 000
OVER
100 000
OVER
90 000
OVER
70
OVER
50
CLIENTS AND CUSTOMERS
SOME OF OUR PORTFOLIO CLIENTS
CROSSFIN SHAREHOLDERS
Ethos Mid Market Fund (EMMF I) was launched in 2016 and has commitments of R2.5 billion for an array of institutional investors and pension funds.
EMMF believes that the combination of access to proprietary investment opportunities and strong execution capabilities gives the fund a distinct competitive advantage.
The EMMF I strategy is to make investments of up to R500 million, predominantly in South Africa and mostly in mid-market leveraged buyout transactions and the provision of growth capital.
EMMF I is majority black-owned and controlled and is therefore, a Black Private Equity Fund as defined by the BBBEE Codes of Good Practice.
Ethos AI Fund, has been created in partnership with Ethos Private Equity (Pty) Ltd, and seeks to make growth private equity investments in companies where artificial intelligence (“AI”) can be used to improve the operations of the business, and in doing so have a material positive impact on the value of the business over the lifetime of our investment.
When we talk about AI, we are primarily focused on algorithmic decision making, which may or may not include machine learning. That said, the fund’s involvement is not limited to algorithmic decision making but will include other technologies such as natural language processing, image recognition where appropriate, and analytical decision making in general.
African Rainbow Capital (ARC) is a black-owned and controlled investment holding company focusing on the South African financial services industry and businesses that deliver superior returns on equity. ARC is also focused on investment opportunities in select markets elsewhere on the African continent. ARC’s objective is to be a leading financial services investor, covering the full spectrum of financial service needs, such as life insurance, healthcare, asset management, general financial services, short-term insurance, property and banking. This is achieved through building strategic partnerships, both in South Africa and further afield, by obtaining equity stakes in product providers. The company is 100% owned by Ubuntu-Botho Investments, which was founded by Dr Patrice Motsepe in 2004. Ubuntu-Botho Investments became Sanlam’s anchor empowerment partner in 2004. In addition, Ubuntu-Botho Investments has the objective of contributing to the improvement of the livelihoods of poor, unemployed and marginalised South Africans.
STRATEGIC CO-INVESTMENT PARTNERS
Apis Partners is a Private Equity Fund manager focused on investing in innovative Financial Services companies in the Growth Markets of Africa, the Indian Sub-continent, and South East Asia.
The Apis team are sector specialists with deep experience and relationships in the ecosystem in which the fund invests.
Apis Partners have co-invested with Crossfin to build out a significant Pan African Payments Grouping of companies, CTS.
"Apis is partnering with Crossfin due to their proven ability to unlock value with leading payment businesses across Southern Africa. We believe that Crossfin’s deep local experience, strong technology capabilities and history of growing entrepreneur-led business models is the ideal complement to Apis’ expertise in global payment businesses, broad international experience and history of delivering value to investors. We look forward to this partnership unlocking significant value for both partners over the coming years.”
Matteo Stefanel
Co Founder/Managing Partner
Apis Partners
Investec Ltd is a leading international private bank. Investec Private Capital provides established entrepreneurs, business founders and high net worth individuals with private capital solutions, transaction ideas and access to Investec’s networks.
Investec Private Capital have partnered with Crossfin to back driven entrepreneurs and invest behind promising Fintech startups
through Blue Garnet Ventures.
"The financial needs and requirements of consumers and businesses are constantly evolving. They demand innovative, cost-effective technology solutions to help them easily transact, save and invest, both locally and abroad. As an international organisation, rooted firmly in South Africa, we’re excited to work with reputable, proven partners like Crossfin to identify and back promising Fintech start-ups. We see it as a strategic investment in entrepreneurs, their innovative ideas and in the future of financial services.”
Akash Maharaj
Transactor
Private Capital
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