About ConnectNet
ConnectNet is a Financial Services company based in Pretoria (South Africa) founded in 2003, and was acquired by Huge Group in September 2016. It operates as an online payment processing solutions are offered for businesses. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include PayU, CyberSource, Wirecard, Peach Payments and Precium and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
ConnectNet was founded in 2003 in Pretoria, South Africa, and operates in the fintech sector. Payment gateway services are provided to businesses for handling credit card transactions and point-of-sale payments. NFC-enabled communication is utilized to facilitate customer acceptance of payments. Operations focus on secure online processing tailored to business needs across the region.
- Headquarters Pretoria, South Africa
- Stage Acquired
- SectorsFinancial Services
- Website connectnet.co.za
- Acquired by Huge Group (Sep 2016)
- Investors
- Acquired byHuge Group
(Sep 2016)
Investors in ConnectNet
ConnectNet has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Huge Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operations are diversified across multiple industries by the conglomerate. | 1993 | hugegroup.com | Johannesburg, South Africa |
Investor details for ConnectNet
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- Complete investor list
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Timeline of ConnectNet
2 dated milestones of ConnectNet across 13 years, from founding to its latest funding, stage changes and deals.
- Founded ConnectNet is founded.
- Exit Acquired by Huge Group.
Competitors of ConnectNet
ConnectNet has 9 listed competitors in our database, 3 of them funded. They include PayU, CyberSource, Wirecard, Peach Payments and Precium, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| peachpayments.com | 2013 | Cape Town, South Africa | $32M | – | Payment gateway solutions are offered to businesses and merchants. | |
| precium.com | 2020 | Cape Town, South Africa | $6.3M | – | Online payment solutions for businesses are provided by Precium. | |
| safecharge.com | 2006 | Ramat Gan, Israel | – | – | Comprehensive payment solutions are provided to online merchants worldwide. | |
| kashier.io | 2017 | Giza, Egypt | – | – | Online payment solutions are provided for businesses via various methods. | |
| callpay.com | 2014 | Cape Town, South Africa | – | – | Cloud-based POS solutions are offered to retailers for operations. | |
| paygate.co.za | 1996 | Cape Town, South Africa | – | – | Payment gateway and recurring billing |
Detailed competitors of ConnectNet
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as ConnectNet (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Frequently Asked Questions about ConnectNet
ConnectNet was founded in 2003.
ConnectNet is headquartered in Pretoria, South Africa. It is registered at Pretoria, Gauteng, South Africa.
ConnectNet was founded in 2003 in Pretoria, South Africa, and operates in the fintech sector. Payment gateway services are provided to businesses for handling credit card transactions and point-of-sale payments. NFC-enabled communication is utilized to facilitate customer acceptance of payments. Operations focus on secure online processing tailored to business needs across the region.
ConnectNet's top competitors include PayU, CyberSource and Wirecard.
ConnectNet has 1 investor. Key investors include Huge Group.
Yes. ConnectNet was acquired by Huge Group in September 2016.