Crossfin Portfolio
 
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FOUNDER & CEO | Karl Westvig
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2011

VISION | Providing Business Friendly Funding Solutions
TEAM | Approx. 145 PAX
CLIENTS | 50 to 60% share of the Merchant Cash Advance (MCA) Market


DIVERSE BASE | Diversified customer base spread across SME sector and in partnership (or JV) with multiple channel partners such as Ikhokha and Sureswipe
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Alternative funder serving small & medium businesses through secured and unsecured products and services
TIER | SME

RETAIL CAPITAL'S mission is “growing the South African economy and SME’s through partnerships and funding. They are the industry leader in providing non-bank funding to small & medium businesses in South Africa. The business is successful in servicing the significant credit gap in the SME sector, which traditional institutions and the banking industry have been unable to meet.
Retail Capital provide the SME market with access to working capital which is traditionally difficult to obtain and the support to make investments to secure growth.

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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.

 
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CEO | Vaughan Alexander
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2009

MISSION | To provide seamless digital transactional and financial inclusion solutions that add value to both business and individuals
TILL LANE INTEGRATION | Over 23 000
TEAM | Over 85 PAX


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.

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CEO | Steve Mallaby
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2008

VISION | To be the preferred incentive and rewards provider and program manager in Sub-Saharan Africa.
TEAM | Approx.. 25 PAX


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.

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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.

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FOUNDER & CEO | Matthew Putman
HEADQUARTERS | Durban, RSA
FOUNDED | 2012

MISSION | To drive digital financial inclusion for SME’s in Emerging Markets through mobile innovation
TEAM | Over 100 PAX


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).

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FOUNDER & CEO | David de Coning
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2014

VISION | To displace cash in the economy with digital solutions which connect merchants, banks, consumers and brands
TEAM | Approx. 22 PAX


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.

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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

 

CEO | Justin White
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2009

VISION | Self-service everything
TEAM | 20 PAX
CLIENTS | 5 Blue chip & channel
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Omni-channel enablement of self-service solution
TIER | 1, 2 & 3

KINEKTEK enables clients to provide their customers with convenient access to an unparalleled range of relevant and value-added services, delivered as a fully-automated, end-to-end service across any channel, from kiosk to mobile…and all in-between.

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CEO | Mark Gebhardt
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2000

VISION | Inspired people committed to delivering new possibilities for technology-driven organisations
TEAM | Approx. 120 PAX
CLIENTS | Blue chip financial services and insurance businesses
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Development & Resource Augmentation
TIER | Enterprise

SARATOGA provides IT services and craft software solutions to fit specific businesses in the Financial Services and Insurance verticals. The company also provides resource augmentation services to support software development projects.

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CEO | Vaughan Alexander
HEADQUARTERS | Johannesburg, RSA
FOUNDED | 2013, relaunched in 2020

VISION | Payments simplified
CLIENTS | N/A
GEOGRAPHY | South Africa


STRATEGIC FOCUS | Mobile payments and loyalty
TIER | 2, 3 & 4

FLICKPAY is a mobile payments application that links one’s credit card or mobile store of value to a payment via a QR code and a merchant, linked to loyalty.

Website

 

CEO | Christiaan Mienie
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2016

VISION | To help SME’s grow retail businesses with cost effective cloud-based solutions
CLIENTS | 200
GEOGRAPHY | South Africa


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

 

CEO | David de Coning
HEADQUARTERS | Cape Town, RSA
FOUNDED | 2013

VISION | To simplify the disbursement of funds and rewards
CLIENTS | Blue Chip
GEOGRAPHY | South Africa


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

Cape Town Office:
Unit 207,
Block 2,

Northgate Park,

Cnr Section Street & Platinum Dr, Brooklyn,

Cape Town,

7405

+27 21 812 1499

Johannesburg Office:

4th Floor,
The Mall Offices,
11 Craddock Avenue,
Rosebank,

Johannesburg,

2191

+27 11 064 4600

Floor 5

Umhlanga Arch

1 Ncondo Place

Umhlanga Ridge

Umhlanga

4320

+27 31 101 3073

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