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Crossfin Ventures (Pty) Ltd is the investment platform within Crossfin Technology Holdings (Pty) Ltd providing pre-seed funding to promising, scalable, Fintech start-ups

By leveraging Ventures’ unique position within the Crossfin portfolio, we are able to de-risk the relevant investee’s business model and fast track its growth path.

Investec Bank Ltd is co-invested in the Ventures structure via its Emerging Companies Private Capital team who chose to back the Crossfin team and story thanks to our considerable track record. Investec’s broad knowledge of, and network within, the financial services industry has further entrenched Ventures as a leader in the early stage FinTech investment space.

The strategy underpinning the Ventures structure is to back and then support the relevant investee business in their efforts to reach important milestones: revenue targets, key metric growth, profitability et al. The next step is to then look to partner with or exit to a strategic co-investor and/or a Crossfin portfolio company. This combined consortium then further develops the asset into a stronger, more viable going concern whose value grows exponentially over time.  Some of the notable assets within the Crossfin portfolio that Ventures companies are able to integrate with and leverage off include Adumo, AKELO and Sybrin which between them provide access to over 27 000 retail merchants across more than 47 000 active POS lanes/devices across 13 African countries. This places Ventures’ assets in a strategically advantageous position over competitors and helps accelerate start-ups past the PoC stage to break even.

Ventures Portfolio

Ventures’ strategic focus is on financial technology businesses in South Africa and Sub-Saharan Africa that are highly scalable and complement the Crossfin portfolio.
 
The Ventures' portfolio currently includes the following companies:

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CO-FOUNDERS | Dimitri Drabkin & Paris Valakelis
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2017

VISION | To become South Africa’s de facto consumer financial data rail.
CLIENTS | 35 clients in financial services and telecommunications
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Open banking
TIER | 1 & 2

truID is an open banking platform that streamlines bank integration for financial institutions and fintech companies. Founded in 2015 and based in Johannesburg, South Africa, truID provides secure access to consumer banking data, including identity information, balances, and transactions. This platform enables credit providers to analyze customer profiles and credit scores, fostering a secure ecosystem for financial data sharing.

Website

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CO-FOUNDERS | Bastiat Viljoen & Dane Viljoen
HEADQUARTERS | Stellenbosch, RSA
FOUNDED | 2018

VISION | To provide physical gold owners access to gold-based financial and banking services.
CLIENTS | 5000+ users
GEOGRAPHY | South Africa & Singapore

STRATEGIC FOCUS | Digital Gold Banking
TIER | Physical gold owners & other retail investors

TROYGOLD is a fintech company that has been digitising physical gold assets since its inception in 2018. It allows users to convert their gold into a spendable currency via a mobile app, enabling them to invest in gold, borrow against it, or use it for transactions. This platform blends traditional wealth with modern financial technology, facilitating seamless transactions using gold as a monetary instrument.

Website

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CO-FOUNDER & CEO | Paul Cartmel
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2017

VISION | Improving efficiency through automating processes
CLIENTS | Blue chip banks, insurers and credit providers
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Award winning AI assistance technology
TIER | 1 & 2

ATURA is a developer of secure, bank-grade chatbots that deliver innovative solutions across three verticals: asset management, insurance, and banking. Leveraging AI technologies and large language models, Atura offers interactive solutions that efficiently provide users with access to crucial information.

Website

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CO-FOUNDER & CEO | Ahren Posthumus
HEADQUARTERS | London, UK
FOUNDED | 2021

 

VISION | To democratise access to high-impact investments by leveraging blockchain technology.
CLIENTS | Individual and institutional investors looking to invest in sustainable real-world assets through a transparent, secure platform.
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Leveraging blockchain technology to offer accessible investments in renewable energy projects.
TIER | 1 & 2

MOMINT is a Web 3 platform that leverages blockchain technology to create and trade digital assets and collectibles. It offers a marketplace where users can buy, sell, and showcase unique digital items, enhancing the accessibility and security of digital asset transactions. Through the platform, users can invest in full or fractionalized real-world assets, including solar assets, and earn returns on their investments.

Website

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CO-FOUNDERS | Will Smyly, Guy Everitt, Keren Ortlepp, Ryan Strange

CEO | Andrew Price
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2021

VISION | To develop a data-free classifieds and market place enabling millions of South Africans to safely buy, sell, trade and seek employment.
CLIENTS | Informal sector and FMCGs
GEOGRAPHY | South Africa


STRATEGIC FOCUS | To enable data-free access to a marketplace that empowers millions of South Africans by providing affordable services that save time and money.
TIER | 1 & 2

ASK GOGO is a fast-growing, data-free classifieds platform focused on the informal market. It allows registered users to buy and sell without incurring data costs. With a user base exceeding 1 million, AskGogo also provides valuable data insights and business intelligence opportunities for FMCG companies targeting South Africa's informal market.

Website

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