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
-
IMF Clears $91 Million Disbursement to Niger After Program Reviews
19:18
-
Senegal, U.S. Sign $135M Health Cooperation Agreement to Strengthen Surveillance, Labs
17:05
-
Companies in Côte d’Ivoire meet to advance UN Global Compact sustainability agenda
16:52
-
Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
15:41
-
Togo shea industry maps path to sustainable growth, new governance body
19:33
-
Togo's annual inflation holds at 0.4% in February, among lowest in WAEMU
19:19
-
Algeria Launches Commission to Drive University 4.0 Transition
20:41
-
CCI-Togo Previews Program to Train Women as Truck and Crane Operators
20:29
-
Equatorial Guinea’s Bange Bank Expands in Cameroon with Six New Branches
20:27
-
Cameroon Plans CFA40 Billion Capital Increase for State SME Bank
19:41
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
Senegal, U.S. sign $135 million health system support deal Funding targets surveillance, labs, workforce training and digital health...
Orange Côte d’Ivoire hosts UN Global Compact network meeting Firms discuss CSR, sustainability standards and private sector collaboration Membership...
Togo shea stakeholders meet in Kara to address sustainability challenges Over 150 participants discuss value chain organization and market...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...