Crossfin Ventures (“Crossfin”) has exited its investment in wiGroup, a South African based mobile rewards software company that has merged with the UK based Yoyo. Crossfin has held its investment in wiGroup for 12-years and has brought about a great multiplier of returns for the fintech investor and exited its stake concurrently with the merger. The stake sold and the deal value were not disclosed.
Crossfin is a fintech investor that is growing its acquisition pipeline in order to be Africa’s leading independent fintech group. Crossfin backs innovative companies that focus on solving specific everyday pain points that are not adequately covered by existing products in the market. Crossfin’s portfolio processes over 134 million card and 20 million mobile-enabled payment transactions per annum with an aggregated value of over R79-billion (US$4.8-billion).