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Actis to buy Compuscan

Staff writer ▼ | April 25, 2014
Actis, a private investing firm, has has established Credit Services Holdings (CSH), a buy-and-build credit services business. CSH's first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa.
Actis
ActisActis, a private investing firm, has has established Credit Services Holdings (CSH), a buy-and-build credit services business. CSH's first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa.


Actis will be investing in CSH alongside the Compuscan management team, who will continue to manage the Compuscan business. Actis plans to invest $100m into the platform. To assist in the build-out of the platform, Michael Jordaan, formerly CEO of South Africa's First National Bank and a leading figure in the African financial services industry, has been appointed as Chairman of CSH.

Founded by CEO Remo Lenisa, Compuscan is the fastest growing bureau in South Africa and one of the largest on the continent. Headquartered in Stellenbosch, with offices in Johannesburg and Kampala, it provides multiple credit data, decision analytics services and training, to more than 3,500 clients including banks, telcos, retailers, microcredit institutions and insurers, across several countries including South Africa, Namibia, Botswana, Uganda and Ethiopia.

The Data Analytics team in Compuscan operates under the Scoresharp brand and is led by Pieter Van Heerden.

Actis has its Emerging Markets Payments Holdings (EMPH), which offers payment processing services across Africa and the Middle East. Today EMPH has the broadest footprint of any payments company in Africa, contracting with 130 banks and operates in 40 countries across the region.


 

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