Crossfin acquired by Ethos Mid-Market Fund I and consortium for R1.5bn
Crossfin Technology Holdings raised $94M Acquisition by private equity consortium led by Ethos Mid-Market Fund I, African Rainbow Capital, Ethos Artificial Intelligence Fund I on November 24, 2021.
- Primary
- Crossfin Technology Holdings
- Counterparty
- Ethos Mid-Market Fund I, African Rainbow Capital, Ethos Artificial Intelligence Fund I
- Amount
- $94M
- Structure
- Acquisition by private equity consortium
- Date
- November 24, 2021
- Sub-sector
- Card Issuing
Acquisition provides Crossfin capital for growth across payment technologies, smart funding, and venture capital segments, with exposure to African fintech sector benefiting from digitalization and payments proliferation.
Source: moneyweb.co.za