Capprec flaunts almost R600m M&A budget
The company says it sold more terminals in six months to end-September than it did in the previous year
30 November 2021 - 08:32
UPDATED 01 December 2021 - 10:13
Fintech group Capital Appreciation (Capprec), which counts big four banks as clients as well some asset managers, has earmarked nearly R600m for acquisitions in technology and financial services, its executives told Business Day on Tuesday.
“We’re optimistic that in the near future, we will be making acquisitions,” said Alan Salomon, CFO of the company whose core business is to sell technology used by banks and other financial services companies, to add more features to their digital platforms. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now