South African Fintech Investor Crossfin Acquired By Consortium Of Investors

South African fintech investment firm Crossfin Technology Holdings has been acquired by a consortium of investors in a ZAR1.5 billion (USD 93 Mn) deal. The consortium was led by Ethos’ Mid-Market Fund I (EMMF I) that also includes the founding Crossfin executive management team, EMMF I co-investors Ethos Artificial Intelligence Fund I, and African Rainbow Capital.

Crossfin is an independent fintech platform operating predominantly in South Africa with a particular focus on payments technologies and smart funding. The firm operates a differentiated business model based on investing and supporting an ecosystem of synergetic and complementary fintech businesses at different stages of maturity.