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As one of the first investors in wiGroup, we exited as a shareholder after a 12-year partnership.
wiGroup is well-placed to aggressively internationalise the business following the conclusion of the deal with Yoyo.
wiGroup was the first business that we invested in and has proven to be one of South Africa’s great entrepreneurial tech success stories. We wish Bevan and the team well as they continue to grow their presence locally and globally over the coming years.
Since its inception in 2011, Retail Capital has developed a robust risk decisioning process for small business funding products, launched a successful set of fintech partnerships, and developed the underlying technology for embedded funding solutions.
Tymebank fully acquired Retail Capital in a deal worth R1.5 billion.