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Apis Partners, Crossfin add South Africa's Sureswipe to portfolio

A consortium led by London-based investor Apis Partners LLP and South Africa-based financial technology investor Crossfin Technology Holdings purchased South African payments company Sureswipe for an undisclosed sum, Bloomberg News reported, citing an emailed statement.

Sureswipe will combine with Crossfin Transactional Services, alongside Innervation Pan African Payments Pty. Ltd. and Emerge Mobile (RF) Pty. Ltd., trading as iKhokha. The three entities will remain independent, the report noted.

The transaction is funded by Apis-managed Apis Growth Fund I LP, an investment vehicle focused on Africa and South Asia, according to the report.