Crossfin Technology Holdings is a principal investment firm based in Cape Town, South Africa, with additional offices in Durban and Johannesburg. Founded in 2017, the firm focuses on investing in Fintech companies, particularly those situated in Africa. Crossfin aims to foster economic growth by supporting both high-growth startups and established businesses that generate cash flow. The firm seeks to provide investors with diverse exposure to technology investments within the Fintech sector, contributing to the development and advancement of financial solutions across the African continent and beyond.
Sparrow B.Com., C.A., BCompt, CTA, CA(SA), Dean C.
CEO
24 past transactions
DigiSquad
Venture Round in 2025
DigiSquad is a team of entrepreneurs in the payments industry striving to expand the reach of digital payment platforms in underserved regions.
AKELO Group
Seed Round in 2024
AKELO Group provides a marketplace for embedded financial services and solutions for corporates, retailers and SME merchants.
Ask Gogo
Venture Round in 2024
Ask Gogo develops data free application designed to facilitate buying, selling, renting, and job searching without using mobile data.
Momint
Seed Round in 2023
Momint is a blockchain technology company. Momint specializes in putting real assets and legal contracts on the blockchain. Momint Marketplace enables the trade of solar energy, heritage assets, and art through advanced and secure blockchain technology. Their mechanism allows individuals to support renewable energy adoption.
Mypinpad
Venture Round in 2023
MYPINPAD Ltd specializes in providing multi-factor authentication solutions for mobile devices, including smartphones and tablets. The company offers a range of products designed to enhance security in digital transactions, such as the 3DS Enhanced solution for e-commerce and mobile commerce, and ID&V Simplified for e-wallets and online merchants. MYPINPAD also provides the Open mPOS platform, which allows merchants and payment service providers to implement secure PIN entry on mobile devices without requiring extensive certification processes. Founded in 2012 and headquartered in Cardiff, United Kingdom, MYPINPAD leverages its patented technology to create a secure environment for sensitive data entry, thereby simplifying payment acceptance and reducing costs for businesses.
Adumo
Funding Round in 2022
Adumo is a fintech company focused on transforming the payment acceptance landscape in sub-Saharan Africa. It provides payment processing services that allow business owners to securely accept a variety of payment types through an omnichannel approach. Adumo supports a diverse range of merchants, including multinational corporations, independent retailers, entrepreneurs, and informal traders. In addition to payment processing, the company offers tools for working capital requirements, consumer engagement, and business support, along with an in-store consumer credit platform and necessary hardware. Through its services, Adumo aims to help businesses grow, simplify operations, and optimize their payment experiences, all while ensuring end-to-end transaction reconciliation and delivering valuable business insights.
VantagePay
Series A in 2022
VantagePay is a provider of white-label payment and technology solutions tailored for sectors such as banking, telecommunications, financial services, and consumer products, particularly across Africa. The company operates a comprehensive platform designed for governments, central banks, and fintech organizations, offering services that include the design, development, and deployment of mobile banking and payment applications on various operating systems. Additionally, VantagePay provides payment switching and gateway services enhanced by AI-driven optimization and redundancy. This approach aims to deliver intuitive and seamless payment experiences, thereby empowering broader access to financial services for individuals and businesses alike.
Sybrin
Acquisition in 2021
Sybrin has grown considerably over the past two decades to become a leading global technology company in the provision of payment and information processing solutions with particular emphasis on Voucher Processing, EFT, Day 2, Automated Clearing Houses, Mobile Commerce, Host Banking enhancements, and KYC amongst leading corporations, banks, and clearing houses. Today, Sybrin is a well-respected supplier in the banking and corporate sectors. They have provided solutions across Africa, the United Kingdom, and into the Middle East, servicing these solutions from their strategically located international offices. Sybrin remains united in their mission and focused on their commitment to customers. Their corporate governance is well-rounded and balanced through their breadth of global perspective and executive experience. As a result, the company is clear in their vision of the future, but equally well grounded in the reality of the present.
Troygold
Seed Round in 2021
Troygold digitizes gold bullion and Krugerrands and then allows customers to buy, sell, spend and borrow against their gold.
truID
Venture Round in 2020
truID is an open banking platform that simplifies bank integration by offering a single API for accessing user identity data, account balances, and transaction information. This service not only streamlines the development process for clients but also ensures compliance with regulatory standards. By facilitating secure access to critical financial data, truID enables banks to analyze customer profiles and credit scores, fostering a trustworthy environment for data sharing. As a result, truID enhances the efficiency of financial services while promoting secure interactions between users and institutions.
My-iMali
Venture Round in 2019
My-iMali is a Mobile Wallet Solution and Mobile Wallet Platform Provider that provides businesses the opportunity to sign up as a Virtual Enterprise with the capability of targeted funding by means of bulk fund distributions as well as targeted spending.
Nobuntu
Private Equity Round in 2019
Nobuntu is a company focused on designing and distributing community-oriented savings products aimed at assisting South Africans in preparing for retirement. Founded with the mission to ensure that all individuals can age comfortably, Nobuntu seeks to revolutionize the retirement savings landscape in South Africa. The company's offerings include a pension savings product and funeral cover, which are intended to provide financial security for employees and their families. Through these initiatives, Nobuntu aims to create accessible savings solutions that empower individuals, regardless of their planning timeline, to secure a stable and comfortable future.
Retail Capital
Private Equity Round in 2019
Retail Capital is a financial services provider based in Cape Town, South Africa, specializing in working capital solutions for small and medium-sized businesses. Established in 2011, the company offers a flexible alternative to traditional business loans by purchasing a future flow of card transactions from merchants in exchange for an upfront cash advance. This innovative approach allows businesses to access funding without the need for collateral, addressing the significant challenge of cash flow that small and medium enterprises face in South Africa. With additional offices in Sandton and Durban, Retail Capital plays a crucial role in supporting the local economy, as small businesses contribute significantly to employment and GDP in the country.
Efficacy Payments
Venture Round in 2019
Efficacy Payments is a financial firm specializing in a comprehensive payment platform designed to facilitate peer-to-peer transactions, card point-of-sale acceptance, and disbursement services. The company aims to replace cash transactions in both formal and informal retail environments by adopting a partner-led approach. This strategy involves close collaboration with banks, retailers, and financial service providers, allowing clients to create digital payment systems that enhance inclusion and deliver significant value to both consumers and businesses. Through its innovative solutions, Efficacy Payments seeks to address the evolving needs of the payment landscape.
Crossgate Technologies
Corporate Round in 2018
Crossgate Technologies is a provider of digital payment services that caters to the retail, banking, and transit markets. The company specializes in manufacturing payment cards and offers expertise in mobile payments and transaction processing. Additionally, Crossgate Technologies delivers real-time analytics to assist clients in implementing secure payment solutions and maximizing customer value. Through its array of services, the company aims to enhance commerce for its diverse clientele.
Crossgate
Acquisition in 2018
Crossgate is a provider of hosted B2B integration services.
Atura
Series A in 2018
Atura specializes in developing automated support solutions for the financial services sector, focusing on asset management, insurance, and lending industries. The company's chatbot utilizes advanced language processing and contextual understanding to facilitate secure transactions and manage client interactions efficiently. It allows users to log and manage claims, oversee profiles and policies, and receive timely push notifications, reminders, and updates. Additionally, Atura's system includes features for convenient handover to live agents when more complex client needs arise, ensuring a consistent and enhanced client experience while reducing operational costs for financial planners and institutions.
Yoyo
Venture Round in 2017
wiGroup is a SaaS provider that has developed leading Loyalty & Rewards and mCommerce products. Through these, we enable clients to deliver solutions that increase engagement, retention, sales, basket size, speed of checkout, and frequency of spend. Our tech is currently used by retailers, brands, insurance companies, banks, quick service hospitality restaurants, and a host of other businesses looking to deliver value through mobile. The platform was launched in 2007 and is based in Cape Town, South Africa.
Innervation
Venture Round in 2017
Innervation is a payment and value added services business that offers payment services to retail and broader financial service sectors. Innervation enables these services across more than 25 000 till points in over 6 500 merchant sites. To achieve this, Innervation has strategic alliances with the majority of leading retail software packages in the market today, spanning all tiers of retailers.
Emerge Mobile
Venture Round in 2017
Emerge Mobile is a services and technology provider that serves SME's through mobile innovation. the company also seeks to enable Acquirers / Telco’s / MNO’s and other potential market players with the ability to rapidly compete in the MPOS space through providing their turnkey Mobile Point of Sale (MPOS) solution. Through leveraging the in-group mature mobile payments platform, the company can provide a broad offering of peripheral value adds, that empower the merchant base and unlock additional revenue streams for their clientele. With a culture of clear communication, customer centric operations, commercial flexibility and business transparency Emerge Mobile is ready to work closely with your company to find the ideal strategy and deployment for specific MPOS and market needs.
Alacrity Technologies
Venture Round in 2017
Alacrity Technologies is a privately held technology company that specializes in providing IT services and tailored software solutions across various business and technology sectors. With over 16 years of experience, the company primarily serves the financial services, retail, and logistics industries in South Africa. Alacrity offers strategic IT consulting and outsourced development services, focusing on small to medium-sized clients. Its offerings include automated testing, system analysis, and temporary technical resource support, which help clients maintain business continuity and mitigate risks. Through its customized approach, Alacrity Technologies aims to enhance operational efficiency and facilitate technological advancement for its clients.
Blue Garnet
Venture Round in 2017
Blue Garnet is a strategy and management firm dedicated to supporting social change organizations in Southern California. The firm focuses on translating vision into reality and aims to elevate organizations from "good enough" to exceptional. By employing a triple bottom line approach, Blue Garnet emphasizes social impact, financial sustainability, and environmental prosperity. They provide tailored strategy and management services to nonprofits, foundations, and corporations, encouraging a long-term perspective in addressing complex social issues. With a commitment to creating lasting change, Blue Garnet harnesses the synergy of business expertise and social mission to foster significant and sustainable improvements in society.
TuYu
Venture Round in 2017
TuYu is a mobile rewards platform that enables users to receive and redeem rewards conveniently through their smartphones. The platform is designed to reward both consumers and employees instantly, offering various meal and behavior-related vouchers and coupons. Additionally, it facilitates payout rewards based on achieving specific milestones during the collections process and features various promotional offers. By prioritizing security and ease of use, TuYu enhances the rewards experience for its users.
iKhokha
Venture Round in 2017
iKhokha is a fintech startup based in Durban that provides a low-cost mobile payments solution, allowing merchants to accept card payments through its innovative device and mobile application. The iKhokha app supports various functionalities, including cash capturing, processing card transactions, and facilitating mobile payments, with integrated Masterpass acceptance to enhance user experience. Additionally, iKhokha's platform offers access to unsecured working capital for customers who have been trading for at least three months, empowering businesses of all sizes to grow and thrive through efficient payment solutions. Backed by Capital Eye Investments, iKhokha is focused on equipping merchants with the tools needed to succeed in a competitive market.
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