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Investment Summary

Naspers Invests In Floatpays

On February 22, 2022, Naspers invested in financial services company Floatpays

Investment Highlights
  • This is Naspers’ 1st transaction in the Financial Services sector.
  • This is Naspers’ 1st transaction in South Africa.

Investment Summary
Date 2022-02-22
Target Floatpays
Sector Financial Services
Investor(s) Naspers
Deal Type Stake Purchase

Target

Floatpays

Cape Town, South Africa
Floatpays is an on-demand earned wage access platform that helps customers build financial wellness. Floatpays also help employers, enabling them to support their employees to build financial wellness. Floatpays was founded in 2019 and is based in Cape Town, South Africa.

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Investor(S) 1

Investor

Naspers

Cape Town, South Africa
Category Company
Founded 1915
Sector Media
Employees27,010
Revenue 7.2B USD (2025)
DESCRIPTION

Naspers is a multinational media company with principal operations in electronic and print media. Naspers was founded in 1915 and is based in Cape Town, South Africa.

DEAL STATS #
Overall 8 of 8
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Prosus

Amsterdam, Netherlands

Prosus is a global consumer internet group and a technology investor that operates consumer internet businesses, particularly focused on online classifieds, payments and fintech, and food delivery in markets including India, Russia and Brazil. Its ventures arm pursues new growth opportunities with investments in edtech and health, among others. Prosus was founded in 1994 and is based in Amsterdam, Netherlands.

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