About Crossfin
Crossfin is a venture capital firm founded in 2017. It is primarily based out of Cape Town, South Africa. As of Apr 2025, Crossfin has invested in 19 companies. It primarily invests in Seed round in South Africa based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Seed round of DigiSquad Overall, Crossfin portfolio has seen 5 acquisitions including key companies like Adumo, iKhokha and Retail Capital. A lot of funds co-invest with Crossfin, with names like Apis Partners sharing a substantial percentage of its portfolio. Crossfin has team of 6 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Crossfin's List of Top Investments
Crossfin has a portfolio of 19 companies. Their most notable investments are in My-iMali and Retail Capital.Their portfolio spans across South Africa, Singapore and United Kingdom. They have invested in Enterprise Applications, FinTech, Retail and 7 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Crossfin:
1. Adumo
Provider of payment solutions, card machines, and customer engagement platforms. The business offers standalone, integrated, and online payment processing. It provides point-of-sale integrations, alternative payment options, and automated reconciliation services. Additionally, the company delivers customer engagement solutions, including loyalty rewards, gift cards, and virtual vouchers. Payout solutions, such as rewards, payroll, and expense management, are also available.
Key facts about Adumo
- Founded Year: 2019
- Location: Sandton (South Africa)
- Stage: Acquired
- Total Funding till date: $25.9M
- Employee Count: 154 as on Apr 30, 2026
- Investors: IFC Asset Management Company, Investec and 3 Others
- Latest Funding Round: Conventional Debt, Nov 18, 2022, $*****
- Highlight: Acquired
2. iKhokha
Provider of payment and business management tools for small businesses. The company offers card machines, online payment solutions, invoicing, and webstore services. It also provides tools for managing business operations, accessing funding, and selling prepaid products. The company aims to support entrepreneurs by providing access to the digital economy.
Key facts about iKhokha
- Founded Year: 2012
- Location: Durban (South Africa)
- Stage: Acquired
- Employee Count: 558 as on May 31, 2026
- Investors: Crossfin
- Highlight: Acquired
3. Mypinpad
myPinPad provides the ability to securely collect and manage PINs on smart phones, and tablets to help authenticate transactions. The myPINpad Authentication Service enables consumers to use their regular card PIN for secure authentication at checkout. The convenience of using PIN authentication rather than alternative password entry minimises transaction abandonment. The platform can be used for multiple services as authenticating digital payments, issuing/managing PIN services, authenticating mPoS payments, cardless ATM withdrawals, mobile commerce and payment acceptance devices.
Key facts about Mypinpad
- Founded Year: 2012
- Location: Cardiff (United Kingdom)
- Stage: Series C
- Total Funding till date: $32.1M
- Employee Count: 52 as on May 31, 2026
- Investors: Marbruck Investments, Angel List and 78 Others
- Latest Funding Round: Series C, Jun 22, 2023, $*****
- Highlight: Editors' Pick
Provider of flexible, unsecured business funding to small and medium enterprises. It offers funding solutions tailored to various business needs, managing funding requirements through an online platform. The company provides unsecured funding with flexible repayment options, requiring healthy business turnover and proof of ownership. It focuses on supporting businesses that may not qualify for traditional bank loans, offering an alternative funding approach based on monthly turnover.
Key facts about Retail Capital
- Founded Year: 2011
- Location: Cape Town (South Africa)
- Stage: Acquired
- Total Funding till date: $41.7M
- Employee Count: 167 as on May 31, 2026
- Investors: Triodos Investment Management and Crossfin
- Latest Funding Round: Conventional Debt, 2021, $*****
- Highlight: Acquired
Efficacy Payments provides online payment solutions for businesses. It features a card acceptance solution for electronic payments and allows a customer to deposit cash into their bank account at a retailer. Its customer includes banks, retailers, insurers, and SMEs.
Key facts about Efficacy Payments
- Founded Year: 2016
- Location: Cape Town (South Africa)
- Stage: Acquired
- Employee Count: 2 as on May 31, 2026
- Investors: Crossfin
- Highlight: Acquired
Crossfin's Year-on-Year Investment Trends
Crossfin has invested in 21 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in DigiSquad.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
Crossfin's Investments by Stage
Crossfin has made 4 investments in Seed stage, 2 investments in Series A stage, 2 investments in Series B stage with an average round size of $26.3M and 1 investment in Series C stage with an average round size of $13M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 2 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Crossfin's Investments by Sector
Crossfin has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Retail, Blockchain - Industry Applications and Business Services. Notably, it has invested in 16 Tech companies, 15 Enterprise (B2B) companies, 14 Software companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 8 |
Enterprise Applications | 4 |
Retail | 2 |
Blockchain - Industry Applications | 1 |
Business Services | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Crossfin's Investments by Geography
Crossfin has made most investments in South Africa (7), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
South Africa | 7 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Crossfin's recent investments
Crossfin has not made any investment in 2026 so far.Here are the most recent investments by Crossfin:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 24, 2025 | South Africa | Seed | 2770 | - | |
Jun 22, 2023 | United Kingdom | Series C | 4822 | - | |
Nov 18, 2022 | South Africa | Series B | 8311 | [+1] | |
Jun 07, 2022 | South Africa | Series A | 8763 | - | |
Apr 13, 2021 | Singapore | Seed | 2458 | - |
Acquired companies in Crossfin's Portfolio
5 companies from Crossfin's portfolio have been acquired. The most recent acquisition was iKhokha in Aug 2025 by Nedbank for $*****.Here are Crossfin's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 13, 2025 | - | - | 9332 | |
Jul 09, 2025 | - | - | 9818 | |
May 07, 2024 | Nov 18, 2022 | Series B | 2514 | |
Aug 03, 2022 | Mar 14, 2019 | Series B | 6830 | |
Nov 21, 2006 | - | - | 4404 |
Team profile of Crossfin
Crossfin has a team of 6 members including 4 Partners located in South Africa. Crossfin's team does not sit on the board of any company as of now.Here is a list of all team members in Crossfin:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cape Town | - | ||
Partner | South Africa | - | ||
Partner | South Africa | - | ||
Partner | South Africa | - |
Co-investors of Crossfin
Over the past 8 years, 6 investors have co-invested in Crossfin's portfolio companies. This includes funds and angels.
- Invested before Crossfin: IFC and IFC Asset Management Company have invested in rounds before Crossfin. There is 1 company where IFC has invested before Crossfin and 1 company where IFC Asset Management Company has invested before Crossfin.
- Top Co-investors of Crossfin: 3 investors entered a company along with Crossfin. These include investors like Apis Partners (1 company).
- Invested after Crossfin: Triodos Investment Management (1 company) is the only investor which has invested in Crossfin's portfolio after their investments.
Recent News related to Crossfin
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DigiSquad, a Payments Advisory Firm Raises Funding from CrossfinTechMoran•Apr 24, 2025•Crossfin, DigiSquad
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Fintech innovator Mypinpad secures $13million investmentFintech Finance•Jun 22, 2023•Mypinpad, Crossfin
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Fintech Innovator Mypinpad Secures $13 Million InvestmentFinancial IT•Jun 22, 2023•Mypinpad, Crossfin
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Mypinpad Welcomes Strategic Investor Crossfin to Help Drive Growth and InnovationGlobal Fintech Series•Jun 22, 2023•Mypinpad, Crossfin
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Mauritius-based VantagePay secures pre-Series A funding from Crossfinexplode.africa•Jun 12, 2022•Vantagepay, Crossfin
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SA fintech investor Crossfin acquired as it pursues next stage of growthDisrupt Africa•Dec 02, 2021•Crossfin, Ethos Private Equity, African Rainbow Capital, Fairview Partners Investment Management, LLC and 2 others
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