South African based Multiply Group acquires a 35% stake in Crossfin Technology

Durban-based investment firm Multiply Group has acquired 35% of newly formed Crossfin Technology Holdings which is part of the Capital Eye Investments’ portfolio and owns stakes in several companies in the financial technology sector. Crossfin has assets that include WiGroup, Innervation, Emerge Mobile, Alacrity and Blue Garnet. The Crossfin Technology Group of companies’ process over R55bn in point-of-sale transactions and R6bn in mobile transactions annually across 9 000 retail stores in seven African countries. The amount invested is undisclosed. [TechCentral]


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