Convergence Partners invests R183m in fintech group 42Markets
Andile Ngcaba's private equity firm says it is bullish about blockchain, the tech that powers or underpins cryptocurrencies such as bitcoin
25 April 2023 - 17:18
Local private equity firm Convergence Partners is bullish about blockchain — the technology that powers or underpins cryptocurrencies such as bitcoin. This comes as the firm announced that it invested more than R180m in 42Markets — a company that specialises in building financial technology (fintech) platforms.
Founded by businessperson Andile Ngcaba, who serves as chair, Convergence Partners specialises in digital infrastructure investments, having raised $296m (R5.124bn) for its third fund, in January. This has been earmarked for opportunities across Sub-Saharan Africa...
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