Ethos Mid-Market Fund I / Crossfin 2021
Ethos Mid-Market Fund I acquired Crossfin Technology Holdings on November 24, 2021.
- Target
- Crossfin Technology Holdings
- Acquirer
- Ethos Mid-Market Fund I
- Announced
- November 24, 2021
- Sub-sector
- Card Issuing
Transaction overview
- Ethos Mid-Market Fund I announced the acquisition of Crossfin Technology Holdings on November 24, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Consortium provides growth capital to expand Crossfin's payment technologies and fintech investments across Africa, leveraging secular trends in digitalization and payments.
Deal terms & multiples
Frequently asked questions
When did Ethos Mid-Market Fund I announce the acquisition of Crossfin Technology Holdings?
Ethos Mid-Market Fund I announced the acquisition of Crossfin Technology Holdings on November 24, 2021.
What sub-sector is Crossfin Technology Holdings in?
Crossfin Technology Holdings is tracked in the Card Issuing sub-sector.
Sources
- techcentral.co.za /fintech-crossfin-sold-in-r1-5-billion-deal/205165/