About Crossfin
Crossfin is a company based in Cape Town (South Africa) founded in 2017 by Dean Sparrow and Anton Gaylard was acquired by African Rainbow Capital in November 2021.. Crossfin has completed 2 acquisitions, including Crossgate and SureSwipe.
- Headquarter Cape Town, South Africa
- Founders Dean Sparrow, Anton Gaylard
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Ethos Private Equity
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Crossgate
& 1 more
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Acquired by
African Rainbow Capital
(Nov 24, 2021)
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Funding Insights of Crossfin
| 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 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. 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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African Rainbow Capital is engaged in investment management services.
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Founded Year | Domain | Location | |
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PE firm investing in South Africa
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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 Crossfin
Crossfin has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Crossgate and SureSwipe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment card management and issuer processing solutions are provided.
|
2010 | ||||
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POS solutions including card processing machines are provided for e-commerce.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Crossfin
| 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 |
Crossfin Comparisons
Competitors of Crossfin
| 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 Crossfin
When was Crossfin founded?
Crossfin was founded in 2017.
Where is Crossfin located?
Crossfin is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Crossfin?
Dean Sparrow is the current CEO of Crossfin. They have also founded this company.
What does Crossfin do?
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.
How many acquisitions has Crossfin made?
Who are Crossfin's investors?
Crossfin has 2 investors. Key investors include Ethos Private Equity, and African Rainbow Capital.
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