About Net1
Net1 is a company based in Johannesburg (South Africa) founded in 1989.. Net1 has completed 4 acquisitions, including Bank Frick, Connect and KSNET Korea. Net1 operates in a competitive market with competitors including Flutterwave, Yoco, Network International, Ozow and Dlocal, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Financial Services
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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
$107 M (USD), Post-IPO
Apr 11, 2016
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Investors
General Atlantic
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bank Frick
& 3 more
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Funding Insights of Net1
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $107.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Post-IPO - Net1 | Valuation |
investors |
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| Jun, 2006 | Amount | Post-IPO - Net1 | Valuation |
investors |
| 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 Net1
Net1 has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include General Atlantic and IFC Asset Management Company. 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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Capital is mobilized and invested in sustainable emerging market companies.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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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 Net1
Net1 has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Bank Frick, Connect and KSNET Korea. 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.
|
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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Financial technology solutions are provided for retail business operations.
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2006 | ||||
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Payment processing and prepaid card services are provided.
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2006 | ||||
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Offline and online payment solutions are provided by KSNET.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Net1
| 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 |
Net1 Comparisons
Competitors of Net1
Net1 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Yoco, Network International, Ozow and Dlocal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to businesses and merchants.
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| domain | founded_year | HQ Location |
Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| 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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Latest news on Net1
Frequently Asked Questions about Net1
When was Net1 founded?
Net1 was founded in 1989 and raised its 1st funding round 17 years after it was founded.
Where is Net1 located?
Net1 is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Net1 do?
Net1 provides a payment processing solution for businesses. Through the supply of chip card technologies and systems such as the Universal Electronic Payment System, Net1 provides alternative payment solutions for populations in developing economies that have limited access to traditional banking facilities. The transaction is decentralized as all the smart cards contain the necessary info for card-to-card transactions. Also provides a virtual card for mobile devices. Its transaction management solutions enable merchants to accept EFTnon-EFT transactions through multiple platforms.
Who are the top competitors of Net1?
Net1's top competitors include Flutterwave, Yoco and Network International.
How many acquisitions has Net1 made?
Net1 has made 4 acquisitions, including Bank Frick, Connect, and KSNET Korea.
Who are Net1's investors?
Net1 has 2 investors. Key investors include General Atlantic, and IFC Asset Management Company.