Ethos and ARC in a € 1.5 billion fintech acquisition

Ethos Personal Equity and African Rainbow Funds (ARC), Patrice Motsepe’s black empowerment expense car or truck, have joined in a $ 1.5 billion acquisition of fintech system SA Crossfin.

The transaction is one of the premier private fairness-led investments in the fintech sector in SA and will offer Crossfin, a payment technology business trader and compact company finance company, with the cash it wants to increase its underlying portfolio. The transaction also envisages the exit of the founding investors of Crossfin, Funds Eye Investments and Multiply Group, the group’s key shareholders since 2017 …

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