One Thousand & One Voices and Crossfin Technology Holdings acquires Sybrin Group for R410-million

One Thousand & One Voices (1K1V) and Crossfin Technology Holdings have agreed to acquire Sybrin Group for R410-million (US$30-million). Sybrin Group is a software solutions provider that assists in automating business processes for the financial services sector. Sybrin Group operates in 17 countries in Africa and is currently owned by Johannesburg Stock Exchange listed EOH.

1K1V uses the best of what private equity investment has to offer with the intellectual capital, relationship capital, financial capital or three-dimensional capital of industry-leading family offices from around the globe. 1K1V invests in companies in Sub-Saharan Africa that leverage from Africa’s rising middle class such as consumer, retail, agribusiness, logistics, distribution and manufacturing. Target businesses include those with US$2-US$15 million of EBITDA with significant growth trajectories and sustainable competitive advantage.

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).

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