Windsor Drake Market Intelligence
Funding Round · Treasury / Cash Management · 2021

Net1 acquires Connect Group for $242M

Net1 UEPS Technologies raised $242M acquisition led by Connect Group on November 2, 2021.

Primary
Net1 UEPS Technologies
Counterparty
Connect Group
Amount
$242M
Structure
acquisition
Date
November 2, 2021
Sub-sector
Treasury / Cash Management

Net1 acquires cash management and MSME fintech platform serving 44,000 merchants to consolidate South African fintech leadership.

Primary company
Net1 UEPS Technologies
Counterparty
Connect Group
Amount
$242M
Event date
November 2, 2021
Sub-sector
Treasury / Cash Management
HQ
Not disclosed
Structure
acquisition
Source published
November 2, 2021
Publisher
IT-Online

Source: it-online.co.za

Other funding rounds in Treasury / Cash Management

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Pave Bank Funding Round 468 Capital $5M Treasury / Cash Management December 17, 2023
Quartix Funding Round SR Alternative Credit $15M Treasury / Cash Management December 1, 2023
Save Funding Round BNP Paribas, Webster Bank Treasury / Cash Management December 7, 2022