Investec Asset Management portfolio company wiGroup completes follow-on equity financing round

10 May 2019

Investec Asset Management portfolio company wiGroup, a leader in mobile-transacting software, has completed a follow-on growth equity round. All of wiGroup’s institutional investors – Crossfin, Virgin Money, Smollan, and Investec Asset Management – have committed additional capital to the round. Investec Asset Management remains the largest shareholder in the company.


Founded in 2007, wiGroup has established itself as a leading provider of enterprise software in loyalty, coupons, and rewards (‘LC&R’). WiGroup is also a leading provider of merchant integration and mobile payment services. The company delivers these cutting-edge solutions to leading clients in retail, banking, quick service restaurants, insurance, and telecommunications.
The additional equity will support wiGroup’s accelerated growth, particularly in LC&R, both in South Africa and in international markets. Since Investec Asset Management made its initial investment in 2015, wiGroup has more than doubled its revenues, client numbers and store footprint.


Investec Asset Management established an African private equity capability in 2008. The Private Equity strategy focuses on growth capital and buyout investments in established mid-market and larger companies in Africa, with the objective of supporting the creation of local or regional champions in their respective industries. 

For more information, please click here

-END-

« Back to Member News

@fDiIntelligence: The resilience of investment in Africa’s technology sector mirrors the growth of the African tec… https://t.co/TJ8CGqK9qn

AVCA Member News: CDC, FMO, Norfund et al. back Greenlight Planet Read more: https://t.co/CmZZUf3ZlG

AVCA 2020 Focus Series! Join our panel of experts on 30th September for the last part of our AVCA 2020 Focus Serie… https://t.co/SiyMStL0YU

AVCA Member News: Helios backs Africa Specialty Risk Group Read more: https://t.co/HUnj55qqHQ

Industry event: CAMA and the Private Equity Industry PEVCA and ǼLEX are jointly organising a Webinar on Thursday,… https://t.co/V14xzt1hXE

;