South African private equity 1K1V goes into the fintech sector for the first time
Monday, 11 March 2019 13:12
For its fifth investment in Africa, private equity firm One Thousand One Voice (1K1V) targeted @Pay, a South Africa based fintech, which serves as a bridge between the unbanked and the sophisticated financial institutions in the continent. Thanks to "@Pay’s platform used by many firms, its clients can pay their bills at large retail centres using any payment method.
The financial details of this investment have not been provided but, in the African portfolio of 1K1V, @Pay joins its South African peers Redsun Dried Fruit & Nuts, Beefmaster, SanLei and HEPSA.
1K1V’s stated their strategy is to invest between $10 million and $14 million in firms with positive cash flow able to generate over $2 million of EBITDA.
Idriss Linge
Live News
-
Togo Sets 2026 Public Wage Bill at CFA 373.5 Bln, Up 5% on Year
18:55
-
Plateaux Regional Council Rolls Out School Water Project With Solar Boreholes
18:48
-
China’s Zijin Mining Expands African Footprint with $4 Billion Allied Gold Deal
18:36
-
Camrail and Camalco Seal Rail Deal to Enable Bauxite Exports from Minim Martap
18:12
-
Hysacam and Ceneema Launch Emergency Partnership to Decongest Urban Landfills
18:07
-
Cameroon Expects 600 Tons of Wheat Seeds to Reduce Import Dependence
18:05
-
Cameroon Rejects Fresh Push to Revise Rebar Standard
18:03
-
Senegal-Morocco Joint Cooperation Commission Convenes in Rabat on Jan. 26-27
17:55
-
Burkina Faso Commissions 200-MW Power Plant, Aims to Reduce Electricity Imports
17:54
-
Algeria Adopts New Cybersecurity Framework as Digital Risks Rise
17:46
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Zijin Gold agrees C$5.5 billion acquisition of Canada’s Allied Gold Deal expands Zijin’s African footprint into Mali and Côte d’Ivoire Allied Gold...
Senegal, Morocco to hold joint cooperation commission in Rabat Talks cover trade, economy, culture; dozens of agreements under discussion Meeting...
Mark Cables completes 200 MW thermal power plant in Burkina Faso €180 million project aims to stabilise grid, cut electricity imports Part of broader...
Fitch Solutions estimates that Africa could account for about 7% of global rare earth production by 2034. The projection is largely based on the current...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...