Ex-Actis Ali Mazanderani acquires Tutuka from Matteo Stefanel’s Apis Partners
The former director of Actis acquired a majority stake in the South African fintech from Apis Partners. It was formerly owned by a subsidiary of Actis.
Someone shares this article with you
▪ Ex-Actis Ali Mazanderani acquires Tutuka from Matteo Stefanel’s Apis Partners
▪ The former director of Actis acquired a majority stake in the South African fintech from Apis Partners. It was formerly owned by a subsidiary of Actis.
▪ https://www.africabusinessplus.com/en/807464/ex-actis-ali-mazanderani-acquires-tutuka-from-matteo-stefanels-apis-partners/
Less than two years after buying 62.6% of Tutuka‘s shares, Apis Partners has chosen to leave the company. Tutuka allows B2B clients (fintechs, applications, banks, etc.) to integrate Visa and Mastercard cards and products. The South African asset was sold to London investor Salt Pay Co Ltd, an entity specialising in management solutions for SMEs and fintech services.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Private Equity
25/04/2023 at 16h10, by Africa Business+
Apis Partners’ Matteo Stefanel and Udayan Goyal seek support in Luxembourg
The two Apis Partners managers are seeking ever larger cheques from European DFIs, including the European...
Private Equity
06/04/2023 at 14h00, by Africa Business+
Apis Partners Stefanel and Goyal negotiate $60 million LP on the way to third fund
The two partners of the UK fund manager are returning to the forefront of investors after outperforming...
Energy
27/09/2022 at 17h12, by Africa Business+
Actis head of energy for MENA Lisa Pinsley : “We want to do more in hydrogen”
The UK private equity firm recently completed a major exit – Lekela – and a similarly sized investment...
New technologies
20/01/2022 at 16h39, by Africa Business+
Giift aims for 30 banking partnerships in Africa by mid-2023
The fintech company specialising in the loyalty market intends to expand substantially in sub-Saharan...
Hotel business
08/11/2021 at 15h35, by Africa Business+, updated 09/11/2021
Actis and Jamison Valley target Nairobi’s Radisson Blu
The private equity firm and its partner are already on the offensive and set their sights on three other...
Private Equity
04/11/2021 at 19h36, by Africa Business+
Actis to invest $1.2 billion in African energy
The British private equity firm has strengthened its Actis Energy 5 fund and set its priorities on the...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.