Fintech tops Motsepe’s ARC investment priority list

Fintech is becoming an increasingly important component of African Rainbow Capital’s investment strategy, straddling all elements of its financial services ecosystem.on Friday, outlining its fintech plans. ARC says its future position is to have increased exposure to financial services investments.

Van der Merwe and Van Zyl say growth in ARC’s financial services portfolio is expected to “be largely organic, spurred by bolt-on, fit-for-purpose acquisitions or by disposing of assets to partners where there is a better fit”. “TymeBank attracted A-grade investment partners in the form of Tencent and the CDC Group , the UK’s development finance institution and impact investor,” the joint-CEOs say.

ARC holds a 20.3% stake in Rain valued at R3 billion. The company’s gross fair valuation increased in the year from R21.4 billion to R23.4 billion.

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