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
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. ..