South African fintech specialist e4 acquired in transaction worth over R1 billion by consortium of private equity investors led by InfinitePartners. M&A e4
The transaction, valued in excess of R1 billion, will see e4 obtain the necessary capital for advancing to the next stage of its expansion.
The broader e4 Group employs over 200 professionals. In 2021, it launched a group in the UK, with a focus on building e4’s relationships with mortgage lenders, conveyancing firms and other partners in the UK. Edward Pitsi, Infinite Partners CEO, says: “e4’s strongest growth potential lies in continuing to do what it does very well and thus growing the penetration of its current products and following its well-established ‘blueprint adoption’ in its customers.
He adds the strength of e4’s leadership was pivotal in Infinite Partners’ decision to invest in the business. “Proptech is a niche segment of the economy. We foresee a substantial runway for international expansion due to the exportability and global relevance of e4’s technology stack. There are also tangible opportunities to expand to other industries that are looking to reduce friction in document generation, management and storage processes.”
e4 group CEO Grant Phillips says the investment is a natural fit for e4’s broader strategy. “The e4 Group has been on a successful journey of sustainable growth and expansion over the past several years.
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