Net1 UEPS Technologies Inc.

South Africa Financial services

Founded in 1989, Net1 UEPS is a South Africa-based financial technology and payments company offering a suite of card-based technology and mobile-centric financial services to low income segments of the population. Net1’s smart card technology is especially suited for emerging markets due to its capability to work in an offline environment.

We are invested in Net1 UEPS Technologies Inc. through IFC Africa Capitalization Fund Ltd., which is managed by IFC (International Finance Corporation). For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, Southern Africa
Countries:
South Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
IFC Africa Capitalization Fund Ltd.
Fund Manager:
IFC (International Finance Corporation)
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2016
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
South Africa