South African FinTech specialist, e4, announced its acquisition by a consortium of private equity investors, led by an independent private equity fund manager, Infinite Partners. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion.
e4 is a forward-thinking technology company that provides custom, innovative solutions and services, including software development and business automation. With a focus on software as a service, e4 leverages its technology expertise to transform customer processes, positioning itself as a pioneer of digitalisation in South Africa.
For over 20 years, e4 has been building on its foundation as a digital transformation specialist, with digital enablement as a core element of its ethos.
Commenting on the rationale behind the transaction, Edward Pitsi, Infinite Partners CEO, notes, “e4’s strongest growth potential lies in continuing to do what it does very well and thus growing the penetration of its current products and following its well established blueprint adoption in its customers.”
He adds that the strength of e4’s leadership was pivotal in Infinite Partners’ decision to invest in the business. “From our first engagement, we were impressed with e4’s management team which has been fully professionalised with key positions occupied by individuals who have experience but are still hungry to grow the business and take it to greater heights.”
The e4 executive team brings a wealth of experience in software development for value creation, consistently driving successful diversification across industries and adjacent geographies. By repurposing its early-stage technology, e4 has developed innovative solutions that address the needs of various sectors, with a notable presence within the proptech space.
The broader e4 Group employs over 200 dedicated professionals and in 2021 launched a new group in the United Kingdom with a focus on building e4’s relationships with mortgage lenders, conveyancing firms and other partners in the UK.
