Investment Summary

One Thousand & One Voices Invests In Pay@

On March 11, 2019, private equity firm One Thousand & One Voices invested in financial services company Pay@

Investment Highlights
  • This is One Thousand & One Voices’ 1st transaction in the Financial Services sector.
  • This is One Thousand & One Voices’ 3rd transaction in South Africa.

Investment Summary

Date 2019-03-11
Target Pay@
Sector Financial Services
Investor(s) One Thousand & One Voices
Deal Type Growth Capital

Target

Pay@

Stellenbosch, South Africa
Pay@ is a bill and payment aggregator with operations in South Africa and several other African countries. Pay@ process millions of transactions a month (at a highly efficient rate of less than 0.01% queries per transaction) and their various services are designed to enable customers to pay their bills securely and conveniently via various payment networks / channels. Pay@ was founded in 2007 and is based in Stellenbosch, South Africa.

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Investor(S) 1

DESCRIPTION

One Thousand & One Voices is a private equity firm focused on acquiring and investing in companies throughout sub-Saharan Africa. The Firm looks for businesses that can help drive economic development and create well paying local jobs. Areas of interest of include agriculture, healthcare, and education. One Thousand & One Voices was formed in 2013 and is headquartered in Stellenbosch, South Africa.


DEAL STATS #
Overall 4 of 6
Sector: Financial Services M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 5
Country: South Africa M&A 3 of 4
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 HEPSA

Johannesburg, South Africa

HEPSA is an integrated provider of online program management services to the leading tertiary educational institutions in South Africa. The Company assists universities in converting their on-campus degree programs into an online format, recruits qualified students for those programs, and supports enrolled students through graduation. HEPSA is guided by the principle that the opportunities presented through technology-aided learning make higher education more accessible and affordable. HEPSA was founded in 2017 and is based in Johannesburg, South Africa.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Rosehip

Mohales Hoek, Lesotho

Rosehip is an export-focused healthy food company. Rosehip was founded in 2008 and is based in Mohales Hoek, Lesotho.

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