Investment Summary

Apis Partners Invests In Adumo

On July 3, 2018, growth capital firm Apis Partners invested in financial services company Adumo

Investment Highlights
  • This is Apis Partners’ 4th transaction in the Financial Services sector.
  • This is Apis Partners’ 2nd transaction in South Africa.
Investment Fate
  • Adumo was sold to a publicly-traded strategic buyer in 2024 for 86M USD.

Investment Summary

Date 2018-07-03
Target Adumo
Sector Financial Services
Investor(s) Apis Partners
Deal Type Growth Capital

Target

Adumo

Johannesburg, South Africa
Adumo is an independent card-acquiring company delivering a comprehensive suite of payments and value-added solutions to a broad spectrum of merchants across South Africa. Adumo is based in Johannesburg, South Africa.

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Investor(S) 1

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 7 of 30
Sector: Financial Services M&A 4 of 10
Type: Growth Capital M&A Deals 6 of 17
Country: South Africa M&A 2 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Sun King

Nairobi, Kenya

Sun King is an off-grid solar energy company with cutting-edge product design, affordable financing, and a grassroots installation model to provide energy to the 1.8 billion consumers across Africa and Asia who lack access to reliable electricity. Sun King was founded in 2007 and is based in Nairobi, Kenya.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 SecureNow

Gurgaon, India

SecureNow is an independent B2B insurtech distributors in India. It distributes competitive commercial insurance products (e.g. group health insurance, property insurance, motor and liability insurance) to SMEs in a sustainable and scalable manner by leveraging its optimized on/offline network which includes insurance and channel partners. SecureNow is based in Gurgaon, Haryana.

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