About Connect
Connect is a company based in Sandton (South Africa) founded in 2006 by Richard Phillips was acquired by NET1 in November 2021. It operates as a FinTech, and Managed Services. Connect offers products and services including Cash Connect, Capital Connect, Card Connect, and EasyPay MoneyMarket.
- Headquarter Sandton, South Africa
- Founders Richard Phillips
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Cash Connect Management Solutions (Proprietary) Limited
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Products & Services of Connect
Connect offers a comprehensive portfolio of products and services, including Cash Connect, Capital Connect, Card Connect, and EasyPay MoneyMarket. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automated cash handling solutions are provided for retailers.
Fast business funding is offered to retailers.
Card payment solutions are delivered for retail transactions.
Prepaid services are provided for retail transactions.
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Funding Insights of Connect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Connect
Connect has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Net1. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Payment processing solutions are offered for businesses in developing economies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Connect
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Connect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Connect Comparisons
Competitors of Connect
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Connect
When was Connect founded?
Connect was founded in 2006.
Where is Connect located?
Connect is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Who is the current CEO of Connect?
Steven Heilbron is the current CEO of Connect.
What does Connect do?
Comprehensive fintech solutions are offered by Connect to support retail businesses in South Africa. Services include automated cash management through Cash Connect, rapid business funding via Capital Connect, card payment solutions with Card Connect, and prepaid services under EasyPay MoneyMarket. These solutions are designed to enhance efficiency and growth for small and medium enterprises in the retail sector. The focus is placed on connecting retailers with opportunities to maximize business potential through innovative financial technology.
What products or services does Connect offer?
Connect offers Cash Connect, Capital Connect, Card Connect, and EasyPay MoneyMarket.
Who are Connect's investors?
Connect has 1 investor. Key investors include Net1.