Table of Contents
African Rainbow Capital (ARC), an investment vehicle belonging to South African billionaire Patrice Motsepe, has announced plans to invest in fintech businesses and startups.
The investment company said it has entered into negotiations to add a fintech conglomerate to the group, setting aside R350 million ($24.7 million) for the new investment, Moneyweb reported.
The fintech conglomerate includes “one or two advanced businesses and there are a few startups,” ARC Co-CEO Johan van der Merwe said.
ARC is also in talks to attract new investors for TymeBank, a cloud-based bank established in 2019, which maintains a presence in South Africa and the Philippines.
African Rainbow Capital
ARC is an investment company that focuses on opportunities in the South African and African financial services and diversified investment (non-financial) industries.
ARC mainly focuses on acquiring a shareholding in businesses that deliver exceptional returns on equity.
Founded in 2015, the company is a subsidiary of Ubuntu-Botho Investments, a wholly Black-owned and controlled company created in 2004 with the initial core purpose of building Black-controlled capital.
Through ARC, Motsepe already has acquired a stake in nearly 50 companies.
The intelligence satisfies curiosity. The paid briefings satisfy strategy.
Every Monday, Elite subscribers receive an Investor Memo breaking down the deal, the structure and the positioning behind the week's most consequential African wealth story - the kind of analysis that doesn't appear anywhere else.
Twice a month, a Wealth Intelligence brief profiles a single billionaire's holdings, cash flows and expansion pipeline in detail no public source matches.
→ Executive ($25/mo): Daily newsletter + Deep-Dive Reports
→ Elite ($75/mo): Everything above + Investor Memos + Wealth Intelligence + Quarterly Analyst Briefings
Subscribe now
