Naspers is said to eye fintech deals in R14-billion India push - TechCentral

Naspers is said to eye fintech deals in R14-billion India push - TechCentral

  • Naspers wants to spend about US$1-billion (R14.3-billion) in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
  • Africa’s largest company by market value is in talks to inject around $200-million into business loan provider Capital Float and payments security firm Wimbo as a first step, according to two people with knowledge of the discussions, who asked not to be identified as the talks are private.
  • Cape Town-based investment group Surging smartphone adoption has led to explosive growth in fintech and e-commerce in India and a host of local start-ups are vying with US giants Amazon.com, Google and Facebook for a slice of the action.


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