Naspers is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizeable war chest in its hunt for deals. “We have several billion in cash and
Naspers said on Tuesday that its fintech investment division, PayU, is leading a funding round worth up to $115m in Remitly, an independent digital remittance company focused on the North American market. The Series D funding
Cinven, Permira and Mid Europa Partners agreed to buy Naspers’s Polish online auction site Allegro for almost US$3,3bn (R46,4bn), taking on rivals such as eBay in the Eastern European country
South Africans are increasingly adopting online shopping as the Christmas rush puts pressure on retailers to generate a healthy bottom line in a tough economic environment. Despite fears of credit card fraud as a significant barrier to e-commerce, data from
Naspers is leading a US$4m (about R50m) funding round in Bitcoin start-up BitX. The investment is being made through Naspers payments subsidiary PayU, with BitX’s existing investor, Barry Silbert’s Digital Currency Group, also participating in the round