South African fintech startup e4 has been acquired by independent private equity fund manager, Infinite Partners, in a consortium deal worth $52.5 million (ZAR1 billion). The acquisition provides e4 with the necessary capital to fuel its expansion plans and continue its mission of delivering innovative digital solutions to businesses. As part of the transaction, 27four, a financial services group supporting independent asset managers, is also included.
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The strategic acquisition by Infinite Partners positions e4 for further growth and market expansion, both in its current verticals and into adjacent areas. The company has recently expanded its operations to the UK, where it sees significant market potential. Infinite Partners will provide strategic input, growth capital and support to e4’s management team, leveraging their experience, knowledge and client relationships to drive strategic growth.
Edward Pitsi, CEO of Infinite Partners, expressed enthusiasm about the growth opportunities for e4 in expanding into new areas and markets. He highlighted the company’s strong market position in its current verticals and the potential impact of its expansion into the UK market, which is significantly larger than the South African market. Infinite Partners aims to support e4’s management team throughout this expansion, leveraging their expertise to achieve favorable outcomes.