1K1V’s R200 Million Investment Positions DigiCo for Global Expansion
From left to right: Hendrik Jordaan, President and CEO of 1K1V; Andrew Dunn, CEO of DNI and Jason Goodall, new president of DigiCo
DENVER, COLORADO, United States, October 5, 2021 /EINPresswire.com/ – One Thousand & One Voices (1K1V), a private equity firm that invests in sub-Saharan Africa with an exclusive base of large family limited partners (LPs) offices, today announced a 200 million Rand (approximately $ 13.5 million) investment in a minority stake in Digital Ecosystems (DigiCo), a market-leading investment holding company that provides integrated technology services the telecommunications sector, as well as various SaaS platforms. This investment marks 1K1V’s second investment in the tech space this year and the third technology investment in its portfolio.
DigiCo operates at the forefront of the intersection between digital technology and telecommunications. The company enables the rapid deployment of mobile sales, financial services, banking, coupons, games, loyalty programs and a myriad of other payment methods. DigiCo’s technologies and products allow a business-to-business-to-consumer (B2B2C) service, independent of any type of telephone or any mobile operator. The company operates in 22 countries around the world with six subsidiaries in the digital space which include: Airvantage, M4Jam and PayMeNow (mobile financial services); Hyve Mobile and Viamedia (VAS infotainment) and Cellfind (integrated communications), to name a few.
“DigiCo’s world-class, locally-developed technology, intellectual property and service offering are at the forefront of the rapidly evolving digital economy,” said Hendrik Jordaan, President and CEO of 1K1V. “We believe that some of this unique technology is way ahead of its time and has yet to be deployed in developed economies. Our goal is to reposition the company for growth in these markets through our three-dimensional capital® provided by our leading family LPs and extensive global networks.
“1K1V’s investment in DigiCo is an important step in the process of growing, expanding and internationalizing our business,” said Andrew Dunn, CEO of DNI, the majority shareholder of DigiCo. “1K1V has world-class networks and relationships, an excellent investment history and strong advisory capabilities, so strategically they bring more than just capital. We look forward to them adding tremendous value to DigiCo and helping us achieve our long-term growth aspirations. “
1K1V’s investment in DigiCo is tied to its expanded strategic partnership with seasoned technology investor Jason Goodall, who was recently named president of DigiCo. Goodall is also a non-executive director of Dimension Data’s parent company, NTT Ltd, and strategic advisor to Letter One, an international investment firm focused on the telecommunications, technology and energy sectors.
Upon his appointment, Goodall said, “I am delighted to join the DigiCo team of exceptional entrepreneurs and technologists. After spending over a decade building a global technology company, I am excited to continue this journey with the DigiCo team and build a highly relevant, fast-growing, customer-centric, platform-based global technology company. -form in several industrial sectors. I am excited about the innovation and proven technology platforms that exist within the group and believe there is a compelling opportunity to globalize the business from its South African roots with the support of global investors such as 1K1V. ”
About 1K1V One Thousand & One Voices Africa Fund I, LP (1K1V). is a private equity fund designed to enhance the best of what private equity investing has to offer with intellectual capital, relationship capital, and finance capital – or three-dimensional capital®—The leading families in the industry. For more information, please visit: www.1k1v.com.
About digital ecosystems (DigiCo) DigiCo provides mobile phone users with a full ecosystem of services including smartphone apps, wireless application protocol (WAP), multimedia messaging services (MMS), email, location services (LBS) , instant and web messaging, SMS and unstructured additional services. data (USSD). The company enables the rapid deployment of mobile sales, financial services, banking services, coupons, loyalty programs, rewards, ticketing, transportation, media advertising and games, among others. For more information, visit https://dninvest.co.za/subsidiaries-3.
Gabrielle Marx The megaphone write us here
You just read:
News provided by
05 October 2021, 15:20 GMT
The priority of EIN Presswire is the transparency of the source. We do not allow opaque clients and our editors try to be careful to eliminate bogus and misleading content. As a user, if you see anything that we missed, please bring it to our attention. Your help is welcome. EIN Presswire, Every’s Internet News Presswire ™, tries to define some of the limits that are reasonable in today’s world. Please see our editorial guidelines for more information.