Browsing: HBD Venture Capital

Uber buys South African tech firm in major exit

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Uber Eats, the food delivery business of ride-hailing giant Uber, has acquired South African-owned restaurant technology company orderTalk in what is being billed as a significant exit for Cape Town-based venture capital investor

Money on the move

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Last week’s purchase by Visa of Cape Town-based mobile payments company Fundamo in a US$110m all-cash deal demonstrates clearly how the race is on to provide electronic financial services using cellphones, especially in emerging markets

Visa buys SA’s Fundamo for $110m

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Global payments giant Visa is buying Cape Town-based Fundamo, a mobile payments company focused on emerging markets, for $110m in cash. Fundamo is privately held by a group of SA investors, including Sanlam, Remgro and HBD Venture Capital