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wiGroup – R1 billion and counting

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.

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