Crossfin snaps up Crossgate majority stake

The Crossfin group owns stakes in several companies in the fintech industry.

Source: IT Web


Crossfin snaps up Crossgate majority stake

African fintech holding company Crossfin has acquired a majority stake in payments enablement firm Crossgate for an undisclosed amount.

This follows the recent announcement of Crossfin’s partnership with Investec to identify early-stage fintech businesses and the establishment of a new payments operating company with global private equity firm Apis , all in the service of Crossfin’s vision for the advancement of a cashless society in SA and Africa.

The Crossfin group owns stakes in several companies in the fintech industry, including Innervation, WiGroup, Emerge Mobile (including iKhokha), Alacrity and Blue Garnet Ventures (BGV).

Isaac Mophatlane, former BCX CEO, joined Crossfin as a non-executive director in December last year.

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