AGC Partners Advises Fundamo on its Sale to Visa
Transaction Details
America’s Growth Capital is pleased to announce that its client, Fundamo (Pty) Ltd., a Cape Town, South Africa-based leading provider of mobile financial services for mobile network operators and financial institutions in emerging economies, has been acquired by Visa, the global payments technology leader, for cash consideration of approximately $110 million. The acquisition supports Visa’s global innovation strategy announced last month to provide the next generation of payments solutions for any stage economy, enabling consumers to transact wherever and whenever they choose using a card, a computer or a mobile device. With a team led by Tim Harned, America’s Growth Capital acted as sole financial advisor to Fundamo.
Testimonial
We had a very good feeling about Tim and AGC from the first meeting. He promised senior-level attention and delivered, while demonstrating honesty, commitment and trustworthiness along the way. AGC ran a comprehensive global process for us and performed above expectations on an industry-defining, cross-border transaction in mobile payments. I look forward to the opportunity to work with Tim and AGC again in the future.
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© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
