Capital Appreciation eyes growth after Covid-19 pressure
Covid-19 did not leave the payment technology and software group unscathed, but it is upbeat about a healthy order book and industry trends
Fintech group Capital Appreciation (Capprec) intends to use its hefty cash pile for growth and acquisitions as demand for online transactions and digital services accelerates.
About half of management’s time is spent considering acquisitions, joint-CEO Michael Pimstein told Business Day, with the group upbeat as it seeks to tap into an SA market where about two thirds of transactions under R700 are still made in cash. ..