About Crossfin
Crossfin is a Financial Services company based in Cape Town (South Africa) founded in 2017 by Dean Sparrow and Anton Gaylard, and was acquired by African Rainbow Capital in November 2021. It operates as an investor in and builder of FinTech businesses in emerging markets. Crossfin has completed 2 acquisitions, including Crossgate and SureSwipe. Its chief executive is Dean Sparrow. Its focus areas include Investment Industry, Venture Capital Funds, Independent Funds and Conventional VCs.
Company details
Crossfin was established in 2017 in Cape Town, South Africa, with operations centered on the FinTech sector. Investments are directed toward emerging markets, mainly Africa, where financial technology companies are developed and supported. A portfolio of interconnected businesses is created through direct funding and strategic collaborations. Access to digital commerce solutions is expanded to promote economic growth across the region, including pan-African initiatives.
- Headquarters Cape Town, South Africa
- Founders Dean Sparrow, Anton Gaylard
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website crossfin.co.za
- Social LinkedIn X
- Acquired by African Rainbow Capital (Nov 2021)
- InvestorsEthos Private Equity
& 1 more
- Investments & AcquisitionsCrossgate
& 1 more
- Acquired byAfrican Rainbow Capital
(Nov 2021)
Investors in Crossfin
Crossfin has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ethos Private Equity and African Rainbow Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
African Rainbow Capital is engaged in investment management services. | – | africanrainbowcapital.co.za | Johannesburg, South Africa | |
PE firm investing in South Africa | 1984 | ethos.co.za | Johannesburg, South Africa |
Investor details for Crossfin
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- Complete investor list
- Round participation
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People of Crossfin
2 people are tracked at Crossfin (2 in leadership).
| Name | Role | Group |
|---|---|---|
Dean Sparrow | Co-Founder & CEO | Leadership |
Anton Gaylard | Co-Founder & COO | Leadership |
Complete people profiles for Crossfin
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Crossfin
Crossfin has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Crossgate and SureSwipe.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
POS solutions including card processing machines are provided for e-commerce. | sureswipe.co.za | Sandton, South Africa | 2008 | May 2019 | •••• | |
Payment card management and issuer processing solutions are provided. | crossgate.co.za | Cape Town, South Africa | 2010 | Oct 2018 | •••• |
Complete acquisition details for Crossfin
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- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Crossfin
4 dated milestones of Crossfin across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Crossfin is founded.
- Acquisition Acquires Crossgate.
- Acquisition Acquires SureSwipe.
- Exit Acquired by African Rainbow Capital.
Web traffic of Crossfin
The website of Crossfin (crossfin.co.za) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 30.8% vs previous month
Top companies in Venture Capital Funds
10 companies that operate in the same segment as Crossfin (Venture Capital Funds), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Network connecting investors to startups, venture capital funds, and alternatives | 2013 | Jerusalem, Jerusalem District, Israel | USD 35 M | – | – | |
Venture capital firm investing in early-stage tech startups | 1972 | Menlo Park, California, United States | – | – | – | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | Redwood City, California, United States | – | USD 691.23 K | – | |
Accel is recognized as a leading venture capital firm. | 1983 | Palo Alto, California, United States | – | – | – | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | Mumbai, Maharashtra, India | – | USD 3.32 M | – | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | Menlo Park, California, United States | – | – | 42 | |
Venture capital fund and startup incubator for healthcare and agricultural companies | 1993 | Misgav, Northern District, Israel | – | USD 1.99 M | 23 | |
Management consulting services are provided to organizations worldwide. | 1965 | Brisbane, Queensland, Australia | – | – | – | |
Multiple sectors are invested in by this venture capital firm. | 1987 | Sao Paulo, Brazil | – | USD 715.62 M | – | |
Early-stage startups are funded by this venture capital firm. | 2004 | Menlo Park, California, United States | – | – | – |
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Frequently Asked Questions about Crossfin
Crossfin was founded in 2017.
Crossfin is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Dean Sparrow is the current CEO of Crossfin. They have also founded this company.
Crossfin was established in 2017 in Cape Town, South Africa, with operations centered on the FinTech sector. Investments are directed toward emerging markets, mainly Africa, where financial technology companies are developed and supported. A portfolio of interconnected businesses is created through direct funding and strategic collaborations. Access to digital commerce solutions is expanded to promote economic growth across the region, including pan-African initiatives.
Crossfin has 2 investors. Key investors include Ethos Private Equity, and African Rainbow Capital.
Yes. Crossfin was acquired by African Rainbow Capital in November 2021.