Portfolio | Crossfin

Crossfin Portfolio

Adumo

CO-FOUNDER & CEO | Paul Kent
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2019

VISION | To create an open and fair payments industry that drives economic inclusion and business growth by becoming the leading payments enabler with the influence to reconstitute the payments market for the benefit of all stakeholders
TEAM | Approx. 300 Pax
GEOGRAPHY | South Africa 

STRATEGIC FOCUS | Payments
TIER | 1 & Informal

ADUMO is South Africa’s largest independent payment acquiring holding company with investments in businesses that address different tiers of the payments landscape in South Africa, including; Innervation, Innervation Rewards, Sureswipe and iKhokha.

Innervation

CLIENTS | 6500 retail stores

GEOGRAPHY | Sub-Saharan Africa 

STRATEGIC FOCUS | Payment Acquiring, Issuing, Rewards & Incentives and expanding into Africa
TIER | 2 & 3

INNERVATION is a PCI-compliant payments & switching business that provides streamlined integrated payment solutions to retailers. Innervation offers a comprehensive range of transactional services with enhanced reconciliation.
Innervation focuses on the provision of networking, hosting and switching services through the Destiny Switch and also provides relevant payments, solution architecture and integration consulting services. In addition to the core switching and payment competence Innervation has extensive domain knowledge in loyalty and customer engagement solutions.

INRewards

CLIENTS | Over 580 clients including 17 strategic Blue Chip clients

 GEOGRAPHY | Sub-Saharan Africa 

STRATEGIC FOCUS | Pre-paid card issuer and program manager for customer and employee rewards, incentives, gift and payroll
TIER | 1

INNERVATION REWARDS is a preferred solutions manager providing bespoke programs for corporates to incentivise, reward and enhance their stakeholders.
Innervation Rewards’ solutions enable companies to more effectively manage Incentive and rewards programs, employee benefit disbursements and expense management through a variety of card and mobile payment products integrated to a self-service portal whereby one can manage one’s own INREWARDS Cards.

Sureswipe

FOUNDER & CEO | Richard Flack
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2008

VISION | To make payment acceptance easy and accessible to all independent retailers.
TEAM | 144 PAX
CLIENTS | Over 8000 SME’s in a diversified customer base spread across SME sector
GEOGRAPHY | South Africa
STRATEGIC FOCUS | Providing secure retail payment solutions for SMME’s
TIER | 3 & 4

SURESWIPE’s merchant solutions include fixed, portable and mobile card machines, integrated payment machines, loyalty programmes, gift cards, cash advances and prepaid vouchers. For Sureswipe, two things are important: firstly, convenience and simplicity, especially for Sureswipe’s clients and their clients’ customers, are non-negotiable to ensure that the company is meeting it’s core values, and secondly, keeping costs as low as possible. Sureswipe needs to be able to offer its products and services to the market at highly competitive prices so their operations are kept lean and scalable.

SwitchPay

CEO | Justin Hawkins
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2019

VISION | To provide alternative purpose-based payment financing options for both merchants and customers, to be able to pay and save for purchases
CLIENTS | 300+ | Retailers, independent business owners, franchise and group stores. Shoppers/Consumers looking for alternative ways to pay and save.
GEOGRAPHY | South Africa 

STRATEGIC FOCUS | Providing alternative payment solutions for retailers to offer shoppers – purpose-based lending, layby saving and subscription agreements
TIER | 1, 2, 3 & 4

SWITCHPAY brings convenience, simplicity and affordable payment solutions both online and in-store. Our omni-channel offering is our differentiator, allowing retailers to offer finance to their customers either by scanning an in-store QR code, online through a digital weblink or via an e-commerce plugin.

Website

iKhokha

 CLIENTS | Over 35 000 merchants signed up 

GEOGRAPHY | South Africa 

STRATEGIC FOCUS | Solution provider to Independent SME’s (MPos, MCA, eCommerce, credit, stock management, micro insurance, etc.)
TIER | 4 & Informal

IKHOKHA was the first business in Africa to build out and fully certify a locally developed, end-to-end, MPos solution, focused on driving digital financial inclusion for SME’s through innovative mobile products (hardware and software).

Crossgate

CLIENTS | Blue chip retailers, banks and insurance companies 

GEOGRAPHY | South Africa
STRATEGIC FOCUS | Gift, loyalty & payment card products, services & distribution. Mobile payment solutions, kiosk solutions, payment acquiring solutions and omni-channel commerce
TIER | 1

CROSSGATE is a payments solution business that provides leading card, mobile and processing platforms that connects merchants, banks, consumers and brands. Crossgate is strategically aligned with MasterCard, Visa and other organizations like the World Bank to drive financial inclusion by converting cash-based transactions into electronic payments, on both the Issuing and Acceptance side of the value chain. Crossgate provides solutions to tier 1 retailers, banks and insurers in South Africa and has many blue-chip clients.

Efficacy

FOUNDER & CEO | Andrew Marsh

HEADQUARTERS | Cape Town, RSA

FOUNDED | 2018

VISION | To empower payers and receivers of money by enabling electronic and interoperable payment acceptance, through the removal of cost and access barriers across the Southern Africa markets.
TEAM | 5 PAX +
CLIENTS | Blue Chip
GEOGRAPHY | South Africa 

STRATEGIC FOCUS | Financial inclusion and the displacement of cash as it relates to acceptance of card payments
TIER | 1 & 2

EFFICACY payment acceptance enables payment acquiring and value-added services on standalone terminals for merchants and allows merchants to place orders with suppliers. Deposit @ till enables a consumer to make a cash deposit directly into their card-linked bank account at any retail point-of-sale till. This same functionality can be extended to enable person-to-person and person-to-merchant payments.

Website

Humbletill

STRATEGIC FOCUS | Cloud-based EPOS
TIER | 3, 4 & informal

HUMBLEtill is a complete cloud based next generation point-of-sale solution for SME’s with integrated payment and loyalty.

Website

Tuyu

 STRATEGIC FOCUS | The distribution of funds and rewards to a mobile wallet
TIER | 1 & 2

TUYU was originally developed to facilitate the distribution of rewards directly to one’s mobile phone, to keep costs down.
The platform has also proven useful for the frictionless distribution of funds, grants, et cetera to a mobile user.
These funds can be spent at participating retailers.

Website

2Engage

 STRATEGIC FOCUS| A 1st world technology solution implemented with 3rd world insights

TIER |

2ENGAGE is a fintech digital platform business that has successfully secured the “last mile” to consumers utilising their own technology and a proprietary “loyalty based” customer engagement solution which is globally scalable, with specific focus on understanding and engaging the global emerging market.

With the “Proof-of-concept” developed over the past 5 years in SA, the solution provides emerging market scalability for both the company owned rewards brand where over 1.8 million consumers are already registered in SA, growing by 2000-3000 per day, plus expansion of the solution adapted for large corporate client bases, already operational in 9 African countries.

Targeting 15m members in SA, 150m+ in Africa and over 250m globally.

Website

CEO | Barry Lobel
HEADQUARTERS | Mauritius
FOUNDED | 2018

VISION | To create a next generation cloud-based payments platform to address the massive latent demand for access to trusted financial services in Africa.
CLIENTS | Contracts and Partnerships with the some of the largest and most prominent banks, telcos and fintech's:
GEOGRAPHY | Africa

 STRATEGIC FOCUS| VantagePay provides payment and technology

solutions to Banks, Telco’s and Fintech’s across Africa

TIER | 1 & 2

VANTAGEPAY, previously ZappGroup Africa Limited and V2 Limited, was established in 2018 with a goal to provide leading payment and technology services across Africa. Headquartered in Mauritius, with offices in South Africa, Ghana, Nigeria and London, VantagePay is currently providing payments solutions to leading Ghanaian banks, telco’s and fintech with plans to expand into several African countries in the coming years.

Website

VantagePay