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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
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CROSSFIN SHAREHOLDERS
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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.

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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.

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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
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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.

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"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

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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.

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"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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