Source: IT Web.

Crossfin bolsters fintech portfolio through financing of Edenred SA.

Local digital commerce firm Crossfin Technology Holdings has boosted its fintech portfolio after financing the acquisition of Edenred SA.

Edenred SA is a subsidiary of French-based corporate services company Edenred; and the acquisition was done through Crossfin’s portfolio company, Innervation.

The Crossfin group owns stakes in several companies in the fintech industry, including Innervation, WiGroup, Emerge Mobile (including iKhokha), Alacrity and Blue Garnet. Capital Eye Investments and Durban-based investment firm Multiply Group are co-investors in the group.