Naspers Earmarks $1B For India FinTech Invest | PYMNTS.com
13 March 2019 5:52 PM IST
Naspers, Africa's largest company based on market value, is gearing up to invest $1 billion in India, focusing on FinTech firms.
- Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market.
- According to a report in Bloomberg , citing people familiar with the matter, Naspers is looking for investments that can replicate the success it had in investing in Tencent , the Chinese technology giant.
- Tencent also operates WeChat, the wildly popular messaging app.
- At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech.
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