Posts Tagged ‘Mobile’

Investec Asset Management Buys Stake in wiGroup

August 12th, 2015 | Messages, News | 0 Comments

Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. The deal will enable Investec Asset Management to partner with wiGroup and Capital Eye Investments (“CEI”) to support wiGroup’s growth and development on a local and international level.

Founded in 2007, and backed by CEI, wiGroup’s proprietary mobile transacting network has grown to over 55,000 point-of-sale lanes, providing services to more than fifty mobile transacting issuers. The mobile transaction platform, wiCode platform, is utilised by multiple industries including five large retail chains, over ten hospitality chains, more than fifty FMCG brands and eight mobile issuers in South Africa alone; with a total in-store mobile transaction value of over R4 billion processed securely to date.  In addition, wiGroup develops innovative technology solutions that enable integrated mobile-based payments, loyalty, coupon, voucher, reward and gift programmes.

Anton Gaylard, Capital Eye Investments Executive: “CEI backed the founding management entrepreneurs from inception, and having reached a level of critical mass locally, we are excited about working with Investec Asset Management’s Private Equity team to expand the business across Africa and other relevant international markets.”

wiGroup’s technology is well-suited to emerging markets in Africa and beyond where mobile-based transacting is poised to leapfrog traditional card-based payment, reward and loyalty solutions. Recently wiGroup established a joint venture with Nigeria’s leading SWITCH and payment processor, expanding the wiGroup technology platform into West Africa.

Bevan Ducasse, wiGroup Founder & CEO: “Our partnership with Investec Asset Management marks an important milestone for wiGroup. The expansion capital will enable wiGroup’s international growth objectives, the enhancement of our current product portfolio and will facilitate R&D and the development of new products. We look forward to working closely with both Investec Asset Management and Capital Eye as we grow the business to the next level.”

The expansion capital is funded via Investec Asset Management’s African private equity capability. The Private Equity strategy focuses on growth capital and buyout investments in established mid-market and larger companies in Africa, with the objective of supporting the creation of local or regional champions in their respective industries.

William Alexander, Private Equity Investment Principal at Investec Asset Management: “Investec Asset Management is delighted to partner with wiGroup’s founder-management.  wiGroup has established itself as the leading mobile transaction technology company in Africa and we are looking forward to supporting the business as it enters its next phase of growth and development.”

Click here for wiGroup’s radio interview on ‘The Money Show’.

Click here to watch Bevan Ducasse on CNBC Africa.

Emerge Mobile Powers Disruptive Financial Services Provider – iKhokha

July 10th, 2014 | Messages | 0 Comments

Following Emerge Mobile’s achievement in being the first South African and African company to achieve international security certifications for its mobile point-of-sale (“MPOS”) system that allows merchants to use their smartphones to accept chip-and-pin card payments, they have powered a disruptive South African mobile financial services provider in iKhokha.

iKhokha, which means “to pay” in Zulu, is a B2C and B2B financial services provider, providing a bank agnostic, internationally accredited MPOS solution which, inter alia, allows any and all merchants to accept secure payments anytime, anywhere; track their business performance and sell airtime all while on the move.

Click here to view a short video on iKhokha.

Indaba Mobile Powers Multinational Mobile Research Firm

May 30th, 2014 | Messages | 0 Comments

Indaba Mobile extends mobile social communities to ANY organisations wishing to build, understand and communicate with their own private mobile community; be it a retailer, financial services company, a football club, or a market research company. Indaba’s technology is capable of communicating across devices (dumb, feature, and smart phones), providing rich data points and value-added-services, integrating into any system at a fraction of the traditional cost.

Indaba Mobile powers multinational market research firm MDI, enabling them to deliver more qualitative, efficient market research at a fraction of traditional market research costs, providing direct customer insights through dynamic and interactive online dashboards that work on PC, tablet or mobile.

Click here to view a short video on MDI. Click here to find out more about Indaba Mobile.

Capital Eye Executive Chairs the ‘Next Generation Payments Southern African Conference & Exhibition’

March 17th, 2014 | Messages | 0 Comments

Capital Eye Investments Limited (“CEI”) Executive, Anton Gaylard, was asked to both chair and present at the ‘Next Generation Payments Southern African Conference & Exhibition’. Anton is responsible for looking after the Mobile.Social.Payments.VAS related investments (click here to see snapshot).

Anton was joined as a presenter at the conference by wiGroup CEO, Bevan Ducasse, presenting on ‘Enabling an open future for mobile transactions’, touching on, inter alia: retail interoperability, driving revenue and measurable ROI, NFC platforms, and some of the future applications that will soon enhance and stimulate the mobile transactional ecosystem.

wiGroup – Mobile Transacting Simplified

February 25th, 2014 | Messages | 0 Comments

wiGroup is a platform provider specialising in point-of-sale integrated mobile transacting, allowing consumers and businesses to transact and interact in a swift, secure and convenient manner, using their mobile devices. The wiPlatform is used by retailers, brands, agencies, banks, mobile communities and a host of other businesses looking to deliver value through mobile connectivity; including mobile coupons and vouchers, mobile money transfers, mobile rewards, and mobile payments.

Capital Eye Investments Limited (“CEI”), as a venture capital company focusing purely on technology and associated assets with a particular focus on emerging markets, invested behind wiGroup in 2008 when founder and CEO Bevan Ducasse approached CEI with an ambition to build a mobile wallet. The business soon pivoted, developing a mobile agnostic platform behind the likes of MTN’s Mobile Money and Shoprite’s EeziCoupons. In August 2013, wiGroup processed its billionth rand in transactions, and is currently rapidly approaching its second billionth.

Click here to watch wiGroup’s latest video demonstrating ‘Mobile Transacting Simplified’.

Emerge Mobile – 1st Internationally Accredited African MPOS Solution

January 14th, 2014 | Messages | 0 Comments

Emerge Mobile is the first company in South Africa and Africa to achieve international security certifications for its mobile point-of-sale (“MPOS”) system that allows merchants to use their smartphones to accept chip-and-pin card payments from customers; having recently achieved Payments Council International Payment Terminal Security (PCI-PTS) and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for their ‘Edge’ adapter.

Capital Eye Investments Limited (“CEI”), as a private equity / venture capital company focusing purely on technology and associated assets with a particular focus on emerging markets, backed Emerge Mobile in March 2012, as a venture capital investment in a start-up business.

Emerge Mobile are now well positioned both locally and internationally to embrace the opportunities present in many emerging markets predicated on regulatory requirements to migrate to more secure EMVCo inter-operation systems, through both white-label B2B opportunities, as well as direct to the market through their own B2C “iKhokha” brand.

Click on the following links for a few selected articles: TechCentral, ITWeb, MobilePaymentsToday.

Capital Eye Invests Behind Mobile Social Communities

September 30th, 2013 | Messages | 0 Comments

Indaba Mobile provide mobile social communities to any and all institutions wishing to build, understand and communicate with their communities; be it a retailer, financial services company, a football club, or even a market research company. Capable of integrating into any eco-system, Indaba’s technology communicates across all mobile devices and operating systems (dumb, feature, and smart phones), providing rich data points, and capable of adding value-added-services across channels, at only a fraction of the traditional cost.

Capital Eye Investments Limited (“CEI”), as a private equity / venture capital company focusing purely on technology and associated assets with a particular focus on emerging markets, invested behind Indaba Mobile in September 2013, as a venture capital investment in a start-up business.

Indaba Mobile are now well positioned both locally and internationally to embrace the opportunities present in many emerging market where high mobile penetration, combined with staggered Smart Phone adoption, has created the need for a seamless all-inclusive solution to build interactive mobile communities at a fraction of the traditional spend.

Capital Eye Executive invited by Visa to present to Nigerian Acquiring Banks in Lagos

September 26th, 2013 | Messages | 0 Comments

Capital Eye Executive, Anton Gaylard, was joined by Emerge Mobile MD, Matthew Putman; invited by Visa to participate in a presentation to Nigerian Acquiring Banks on the trends and developments in banking and associated offerings in Lagos, Nigeria. Emerge Mobile were one of four international Mobile Point-of-Sale companies invited, highlighting the attractiveness of their broader MPOS solution in both local and international markets.

The fraud protection and security measures offered by EMV compliant chip and pin card acceptance devices have resulted in a growing movement to stipulate the use of such technology across commercial banks in many regions. Furthermore, infrastructural limitations in many developing markets make the combination of such technology in a mobile POS solution a very relevant, necessary and attractive offering.

CEI is a private equity / venture capital company focusing purely on technology and associated assets, with a particular focus on emerging markets and the opportunities present in many African regions, investing behind both start-up and mature cash generating technology companies.

wiGroup – R1 billion and counting

August 3rd, 2013 | Messages | 0 Comments

With a presence at more than 30 000 till points across South Africa, wiGroup processed over a R1 billion in transactions during the first 6 months of 2013. Logging over 40 000 hours in IP development, the wiPlatform has developed into an open and interoperable system enabling mobile transacting at the point of sale, delivering value through mobile coupons and vouchers, mobile money transfers, mobile rewards, and mobile payments.

Capital Eye Investments Limited (“CEI”), as a venture capital company focusing purely on technology and associated assets with a particular focus on emerging markets, invested behind wiGroup in 2008 when founder and CEO Bevan Ducasse approached CEI with an ambition to build a mobile wallet. The business soon pivoted, developing a mobile agnostic platform behind the likes of MTN’s Mobile Money and Shoprite’s EeziCoupons.

Click here to view the associate press.

Capital Eye Executive presents at the Annual Cards and Payments Africa Conference

March 2nd, 2013 | Messages | 0 Comments

Capital Eye Executive, Anton Gaylard, presented at the 2013 Annual Cards and Payments Africa conference held in Sandton, Johannesburg, unpacking the trends and developments within mobile payment technology and its link to the retail world. This is the 3rd time that Anton has been invited to talk at the conference, his presentation titled “The Facilitation of Mobile Transacting in Retail and the Advent of Social Commerce”.

Mobile continues to drive innovation as the focal touch-point in commercial, consumer and private interactions, spawning a plethora of startup businesses and technologies geared at enhancing and commercializing this evolving human experience. The continued evolution of money dating back to the 6th century BC, has seen the concept of legal tender progress from rare metals, to paper & ink, to plastic magnetic strips, to mobile technology and perhaps even ultimately to biometrical solutions, muddying the water between traditional and future custodians of such wallet.

CEI is a private equity / venture capital company focusing purely on technology and associated assets, with a particular focus on emerging markets and the opportunities present in many African regions, investing behind both start-up and mature cash generating technology companies.