Mauritius-based payments technology company VantagePay has announced that Crossfin Holdings has acquired a “meaningful stake” in the business for an undisclosed sum. “VantagePay has developed a leading cloud-based payments platform to address the massive latent demand for access to trusted financial services in Africa. The modular architecture of our platform enables a great deal of synergy and complimentary offerings between VantagePay and Crossfin’s portfolio companies,” he said. It also has a very experienced management team that has proven capability in developing successful pan-African payments companies,” he said. “We feel that Crossfin is an excellent partner for VantagePay and believe they will stand out in an increasingly competitive payments space.

Source: The North Africa Journal June 10, 2022 10:16 UTC