Crossfin Ventures

Crossfin Ventures is a principal investment firm based in Cape Town, South Africa, focused on fintech investments, particularly within Africa. Established in 2017, the firm aims to support high-growth and established businesses in the financial technology sector, providing them with the necessary resources to achieve significant milestones such as revenue targets and profitability. Crossfin has a collaborative approach, often partnering with co-investors and leveraging its portfolio companies to enhance the growth of its investments. Notable assets within its portfolio include companies like Innervation, Sureswipe, and iKhokha, which collectively serve over 27,000 retail merchants across multiple African countries. By investing in technology-driven companies, Crossfin Ventures aspires to contribute to the economic growth of the region while offering investors diverse opportunities in the fintech landscape.

Anton Gaylard

Managing Director

15 past transactions

VantagePay

Series A in 2022
VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services, and Consumer Product Industries.

Troygold

Seed Round in 2021
Troygold specializes in digitizing gold bullion and Krugerrands, providing a platform that allows customers to manage their gold holdings effectively. Through its innovative financial services, Troygold enables users to buy, sell, spend, and borrow against their physically vaulted gold assets. This approach not only facilitates easy access to gold-based transactions but also integrates traditional gold investments with modern banking functionalities, catering to individuals looking to leverage their gold for financial activities.

truID

Venture Round in 2020
truID (Pty) Ltd is a South African company that specializes in developing an API for accessing identity data, account balances, and transaction details from users' bank accounts. Founded in 2017 and based in Bedfordview, the company enables permission-based access across all major banks in South Africa. By providing a single, secure interface for connecting with multiple financial institutions, truID streamlines the integration process for clients, significantly reducing development time while ensuring compliance with regulatory standards. The platform also facilitates banks in analyzing customer profiles and credit scores, contributing to a secure and trusted financial data-sharing environment.

My-iMali

Venture Round in 2019
My-iMali operates a mobile wallet platform that facilitates secure transactions within the formal economy. The platform allows users to deposit funds into their e-wallets, purchase products from affiliated merchants, and send or receive money to and from other wallets. Additionally, it supports bulk payments, enabling businesses to distribute funds efficiently. By offering these services, My-iMali provides a comprehensive solution for both individual users and businesses, enhancing the ease of online transactions and targeted funding opportunities.

Nobuntu

Private Equity Round in 2019
Nobuntu Group (Pty) Ltd, founded in 2017 and based in Cape Town, South Africa, provides funeral insurance services and offers a savings initiative known as the People's Fund. The company is dedicated to designing and distributing community-oriented savings products aimed at helping South Africans prepare for retirement. By addressing the challenges related to retirement savings, Nobuntu seeks to ensure that all individuals can age with dignity and comfort, regardless of their financial planning timeline. Through its services, Nobuntu aims to transform the retirement savings landscape in South Africa, promoting financial security for its clients.

Retail Capital

Private Equity Round in 2019
In January 2011, Retail Capital was established to provide businesses with an accessible, flexible and convenient alternative to traditional business loans. In a survey sent to over 20,000 businesses, access to working capital and cash flow was identified as the single biggest challenge that they faced. As small to medium sized business contribute over 65% of South Africa’s employment and 50% of the country’s GDP, this is a very significant problem for the South African economy, inhibiting job creation and growth.

Crossgate

Corporate Round in 2018
Crossgate Technologies Pty Ltd. is a company based in Johannesburg, South Africa, specializing in the manufacture of smart cards and the provision of digital payment services. The firm offers a range of solutions, including card services, mobile payments, transaction processing, and real-time analytics. Crossgate serves various sectors, including retail, banking, transit, and emerging markets, facilitating secure payment options for its clients and helping them derive value from their customer interactions. As a subsidiary of Tritech Media Pty Ltd., Crossgate aims to enhance commerce through innovative payment technologies.

Atura

Series A in 2018
Atura is a company that specializes in developing automated chatbots tailored for the asset management, insurance, and lending industries. Its chatbot utilizes advanced language processing and contextual understanding to facilitate secure transactions and enhance communication. The system allows for convenient handovers to live agents when clients require assistance beyond the chatbot's capabilities. By providing functional translation and maintaining brand presence, Atura's chatbot aims to improve the consistency of client experiences while reducing operational costs for financial planners and their clients.

wiGroup

Venture Round in 2017
WiGroup Pty Ltd. is a provider of mobile transaction solutions based in Cape Town, South Africa, with additional operations in various countries including France, the Netherlands, and Australia. Founded in 2007, the company offers the wiCode platform, an interoperable point-of-sale system designed for retail and hospitality businesses, along with wiBlox, a suite of mobile transaction services that facilitate mobile loyalty, rewards, vouchers, and analytics. WiGroup's technology allows clients to accept various forms of mobile transactions, including mobile money and digital coupons, enhancing customer engagement and increasing sales. The company's services cater to a diverse clientele, including retailers, brands, banks, and hospitality businesses, all seeking to leverage mobile solutions for improved operational efficiency. As of October 2020, WiGroup operates as a subsidiary of Yoyo Wallet Limited.

Innervation

Venture Round in 2017
Innervation is a provider of payment and value-added services, primarily catering to the retail and financial services sectors in Africa. The company operates a comprehensive payment ecosystem based on a software-as-a-service model, delivering end-to-end payment functionality across multiple channels. Innervation's services are accessible through over 25,000 till points across more than 6,500 merchant locations. The company has established strategic partnerships with leading retail software providers, ensuring compatibility and integration across various tiers of retailers. This enables Innervation to offer innovative solutions tailored to the needs of its clients, including mobile network operators and financial service providers.

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 provides IT services, and crafts software solutions to fit specific business and technology domains. For more than 16 years, Alacrity has provided the South African financial services, retail and logistics industries with exceptional technology solutions, strategic IT consulting and services, and technical resources.

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 enhancing organizational effectiveness. Committed to a triple bottom line approach, Blue Garnet emphasizes social impact, financial sustainability, and environmental prosperity. It exclusively collaborates with nonprofits, foundations, and corporations, encouraging them to adopt long-term strategies for addressing complex social issues. Through its work, Blue Garnet aims to create lasting social impact and help organizations achieve their full potential.

TuYu

Venture Round in 2017
TuYu (Pty) Ltd is a South African company based in Cape Town that specializes in developing a mobile rewards platform. Founded in 2013, the platform enables users to receive and redeem rewards conveniently through their mobile phones. TuYu offers automated reward management solutions tailored for both staff and clients, enhancing engagement and motivation. Its services are accessible via a mobile application, application programming interface, and web portal. The platform provides various types of rewards, including meal and behavior-related vouchers, as well as coupons and milestone-based payouts, ensuring a secure and efficient rewards experience for consumers and employees alike.

iKhokha

Venture Round in 2017
iKhokha, a Durban based fintech startup, offers a device that is a low-cost mobile payments solution, helping merchants accept card payments.The iKhokha app enables users to complete a number of activities such as capturing cash, processing card and mobile payments. Masterpass acceptance is now integrated into the iKhokha mobile application. iKhokha is backed by Capital Eye Investments.
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