Transaction Capital

Transaction Capital Limited is a financial services provider based in Johannesburg, South Africa, operating primarily in South Africa and Australia. The company focuses on non-deposit taking financial services and is structured into several divisions, including SA Taxi and WeBuyCars. SA Taxi offers a vertically integrated platform that encompasses vehicle procurement, retail, repossession, refurbishment, and asset-backed developmental finance, catering specifically to the taxi industry. WeBuyCars functions as a buyer, distributor, and retailer of vehicles, while also providing financial and ancillary products. Additionally, Transaction Capital delivers a range of customer management solutions, business support services, and working capital finance to small and medium-sized enterprises (SMEs). Through its fintech platform, the company enhances client engagement and risk mitigation. Transaction Capital aims to leverage its specialized credit, risk, and analytics competencies to address the financial needs of underserved markets, contributing to the broader credit system while enhancing stakeholder value. The company was founded in 2007 and continues to adapt its strategy to meet evolving market conditions.

David Hurwitz

CEO and Board Member

7 past transactions

Troy

Venture Round in 2021
Troy is a FinTech company specializing in Friendly Debt Collection as a Service, emphasizing a data-driven and customer-centric approach. Recognizing that over half of customers may overlook payments due to short-term issues, Troy aims to maintain positive creditor-customer relationships, which is crucial given the high costs associated with acquiring new customers. Leveraging advanced technology alongside decades of experience in debt collection, Troy has established itself as a leader in customer experience within the industry. The company's platform integrates marketing, customer relationship management, and AI-driven targeting to enhance debt recovery rates, achieving improvements of 25% to 80% compared to traditional agencies. Client satisfaction is further evidenced by a strong customer survey rating of 4.1 out of 5. While primarily focused on corporate clients for debt collection, Troy also offers tools to enhance digitization and customer experience in internal processes.

WeBuyCars

Acquisition in 2021
WeBuyCars has built an exceptional reputation as the number one car-buying service in South Africa. Started by brothers Faan and Dirk van der Walt, the renowned WeBuyCars brand has expanded with services throughout South Africa, with warehouses in Silver Lakes, Midstream, Durban, Johannesburg South, Port Elizabeth and Cape Town. Part of our success is due to our focus to attract and retain employees who have the same values and principles – who don’t necessarily have the abilities and skills to begin with – but who are willing to learn; work hard, provide excellent customer service and who see themselves walking a long road ahead with WeBuyCars. We also like to grow our employees in the areas we know they will excel in and are currently studying through our bursary programme - and we are happy to reap the rewards from a happy and remarkable workforce. Our workforce currently entails almost 200 sales executives based across the country in our eight branches; and 150 buyers nationwide. With our new branches scheduled to open in the next few years, we are set to continue our exponential growth.

WeBuyCars

Corporate Round in 2020
WeBuyCars has built an exceptional reputation as the number one car-buying service in South Africa. Started by brothers Faan and Dirk van der Walt, the renowned WeBuyCars brand has expanded with services throughout South Africa, with warehouses in Silver Lakes, Midstream, Durban, Johannesburg South, Port Elizabeth and Cape Town. Part of our success is due to our focus to attract and retain employees who have the same values and principles – who don’t necessarily have the abilities and skills to begin with – but who are willing to learn; work hard, provide excellent customer service and who see themselves walking a long road ahead with WeBuyCars. We also like to grow our employees in the areas we know they will excel in and are currently studying through our bursary programme - and we are happy to reap the rewards from a happy and remarkable workforce. Our workforce currently entails almost 200 sales executives based across the country in our eight branches; and 150 buyers nationwide. With our new branches scheduled to open in the next few years, we are set to continue our exponential growth.

The Beancounter

Acquisition in 2016
The Beancounter is an accounting firm located in Johannesburg and Pretoria, South Africa, specializing in outsourced monthly accounting services. The firm offers a range of financial solutions, including monthly reporting and compliance, annual financial statements, tax planning, payroll processing, and bookkeeping. By providing these services, The Beancounter supports small and medium-sized enterprises in maintaining accurate financial records and meeting statutory requirements. This enables clients to receive timely management accounts and ensures they remain compliant with relevant regulations.

RoadCover

Acquisition in 2016
RoadCover is a service that specializes in managing claims with the Road Accident Fund (RAF) from initiation to resolution. The company aims to simplify the often complex process of claiming for road accidents by offering a range of no-fee assistance services. These include help with road accident claims, fines management, pothole damage claims, car licensing, legal assistance, and emergency roadside support. By providing these services, RoadCover enables its members to access high-quality legal and administrative support without incurring additional costs, thereby enhancing the overall experience of navigating the claims process.

Recoveries Corp

Acquisition in 2016
Recoveries Corp is a contact centre specialising in debt recovery solutions and insurance claims recovery services.

Paycorp Holdings

Acquisition in 2006
Paycorp (www.paycorp.co.za) provides and operates a range of payment solutions including ATMs, card issuing, and acceptance technology. ATM Solutions owns and operates a network of over 5,000 ATMs across Southern Africa, Tutuka (www.tutuka.com) specializes in building and running prepaid card systems, Kazang (www.kazang.com) is one of Africa’s leading micro-payment processing services and EFTPOS provides merchant debit and credit card acceptance solutions as well as ZipZap mobile point-of-sale (www.zipzap.co.za). The company was founded in 1999 by South African Steven Kark, with its first ATM deployed in March 2000. Steven’s approach to delivering payments solutions has always been driven by an entrepreneurial spirit and an ongoing culture of innovation. Providing financial inclusion is a key strategic focus for Paycorp, who believes in providing better access to banking services for the under-banked. Paycorp prides itself on its corporate governance. The company was one of the first local businesses in the financial services sector to achieve PCI compliance, the industry-mandated security standard that applies to all businesses that store, process or transmit credit, and/or debit card data. Paycorp has long-term relationships with many of the banks and card associations in the countries in which it operates. Paycorp also enjoys representation and collaborative engagement with all regulatory bodies. Today, Paycorp operates in 16 countries across sub-Saharan Africa and South East Asia with a fledgling business in Eastern Europe and has deployed over 5 000 ATMs, 22 000 terminals, and 500+ card programs.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.