Multiply Exits Crossfin to Consortium of Investors led by Ethos’ Mid-Market Fund I

Multiply Group’s investee company Crossfin Technology Holdings, a leading player in the South African fintech industry, has entered into an agreement to be acquired by a consortium of investors led by Ethos’ Mid-Market Fund I (“EMMF I”) and includes the founding Crossfin executive management team, EMMF I Co- Investors, Ethos Artificial Intelligence Fund I, and leading empowerment investor African Rainbow Capital (“Consortium”). The Transaction is considered a landmark deal in the fintech industry and will see Crossfin secure the required capital to pursue the next phase of its growth. The Transaction is one of the largest private equity-led investments in the fintech sector in South Africa to date.