Kalon Venture Capital and Smollan Group acquire 20% of SnapnSave for R7 million

Kalon Venture Capital and Smollan Group have acquired 20% of SnapnSave, the South African retail discount app company for an acquisition value of R7 million. The platform provides shoppers with discounts for photographing their till receipts and has achieved 200,000 app users over an 18 month period. The company plans to grow its number of clients to 500,000 by 2018. Kalon Venture Capital is a venture capital company that was previously called Growtech.

 

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