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
-
Africa’s Growing PhD Pool Faces Limited Job Opportunities
06:36
-
Ghana Greenlights $185 Million Ewoyaa Lithium Project
06:33
-
Egypt Fast-Tracks $1.3 Billion Oil Debt Repayment to Foreign Firms
06:29
-
Gabon Plans Poultry Import Ban, Looks to Senegal for Blueprint
06:14
-
Commonwealth Delegation Assesses Industrial and Logistics Investment Opportunities in Togo
18:04
-
Togo signs investment MoU with China's WIETC in health, energy and infrastructure
19:11
-
Omar Gabr Reinvents Bug Tracking with AI-Driven Insights
10:51
-
Cameroon Reviews Progress on XAF350bn Rail Programme as Projects Near Implementation Phase
09:46
-
Cameroon Moves to Cut Food Imports with Cassava and Palm Oil Investment Deals
08:43
-
Douala Port Signs XAF40bn Rail Concession to Upgrade Logistics, Raise Revenues
08:19
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
African countries have significantly increased PhD output, with tens of thousands of doctorates awarded across major economies. Only 11% of...
Ghana’s Parliament has ratified the Ewoyaa mining lease, clearing the way for construction of its first lithium mine. Atlantic Lithium plans to...
Egypt will repay $1.3 billion in arrears to foreign oil companies by June 2026. Total outstanding debt peaked at $6.1 billion in June...
Gabon plans to ban broiler chicken imports from January 1, 2027 to boost local production. Senegal has built a self-sufficient poultry sector after...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...