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South African Fintech Investor Crossfin Acquired By Consortium Of Investors
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 Ethosโ€™ 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.