From startup to fintech empire: WiGroup sells stake to Investec for ‘R400m’

It’s not often in the entrepreneur world that you hear of investments from banks, but here is one such story involving a very successful South African company that has rapidly grown from startup into a sophisticated, multi-million rand, 90-person-string fintech success story.

In August this year, Investec Asset Management bought a “significant” stake in South Africa’s mobile transaction company WiGroup, in a deal which is believed by the industry to be worth just under a whopping R400-million.

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