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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Google solidifying its dominance on the African continent with a new R17 billion investment - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.US Internet giant, Google, is solidifying its dominance on the African continent with a new investment of R17 billion to improve its offerings to businesses and customers. The company announced that it is establishing a new Google Cloud region in South Africa.
Источник: SABCNews - 🏆 37. / 51 Прочитайте больше »

Fintech tops Motsepe’s ARC investment priority listFintech becomes an increasingly important component of African Rainbow Capital’s investment strategy. fintech ARC investment
Источник: ITWeb - 🏆 45. / 51 Прочитайте больше »