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1K1V Partners with Crossfin to Acquire Sybrin for ZAR 410m
Thursday 10 June 2021

South Africa-based private equity fund One Thousand and One Voices (1K1V) has partnered South African FinTech investment holding company Crossfin Technology Holdings and investor Isaac Mophatlane, to acquire African software provider Sybrin Group of Companies for ZAR 410m (USD 30m), the company said.

Sybrin will be carved-out from publicly-traded EOH, an Africa-based technology service provider. Sybrin is a software solution provider helping predominantly financial services providers digitally transform and automate their business processes.

1K1V is a private equity capital fund designed to enhance the best of what private equity investment has to offer with the Intellectual Capital, Relational Capital and Financial Capital of industry-leading families.

Crossfin invests in high-growth and established cash generative businesses, offering investors a blended exposure to technology investments in FinTech.

Sybrin is a global technology company providing payment and information processing solutions for clearing houses, commercial banks and corporates.
Date Published: 10/06/2021