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
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Investments & Acquisitions
Bank Frick
& 3 more
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People of Net1
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Funding Insights of Net1
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.
| Investor | Description | Founded Year | Domain | Location |
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Capital is mobilized and invested in sustainable emerging market companies.
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Locked | Locked | Locked | |
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Private equity fund focused on global markets
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Locked | Locked | Locked |
Investor details for Net1
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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.
Investment portfolio details for Net1
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- Portfolio identities
- Transaction dates
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| 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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Payment processing and prepaid card services are provided.
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Offline and online payment solutions are provided by KSNET.
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Locked | Locked | 2000 | Locked |
Complete acquisition details for Net1
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
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- Domains and locations
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Financial Statements - Net1
Detailed financials for Net1
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- Profit trends
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Net1 Comparisons
Peer comparison for Net1
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of payment processing solutions for businesses
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Payment processing solutions are offered to businesses and merchants.
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Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| Locked | Locked | Locked |
Payment processing solutions are provided for businesses and merchants.
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| Locked | Locked | Locked |
Global payment processing is facilitated for businesses through diverse methods.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Net1
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Latest news on Net1
Complete news archive for Net1
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Frequently Asked Questions about Net1
Net1 was founded in 1989 and raised its 1st funding round 17 years after it was founded.
Net1 is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
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.
Net1's top competitors include Flutterwave, Yoco and Network International.
Net1 has made 4 acquisitions, including Bank Frick, Connect, and KSNET Korea.
Net1 has 2 investors. Key investors include General Atlantic, and IFC Asset Management Company.