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1K1V and Crossfin complete Sybrin acquisition

Staff writer
April 13, 2022, 4:51 p.m.

Word count: 346

One Thousand & One Voices (1K1V), in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have announced the completion of the Sybrin Group of Companies (Sybrin) transaction.

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One Thousand & One Voices (1K1V), in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have announced the completion of the Sybrin Group of Companies (Sybrin) transaction.

All conditions precedent and approvals for the transaction were fulfilled on March 31, 2022.

Sybrin is a leading software solution provider helping predominantly financial services providers digitally transform and automate their business processes.

The company also integrates its software solutions into the core line of business systems of middle-market and large enterprises, with current clients such as Microsoft, ABSA, MTN, Bidvest Bank, Kenya Bankers Association, Nedbank and Old Mutual.

The industry giant has a footprint across 17 countries in Africa, the Middle East, the United Kingdom, Asia and Eastern Europe.

Hendrik Jordaan, President and CEO of 1K1V, said: “With Sybrin as part of the 1K1V and Crossfin consortium, we intend to expand Sybrin’s footprint internationally through deploying our Three-Dimensional Capital and unlocking synergies opportunities across Africa in partnership with our other technology platform investments.” 

“Our partnership will ultimately connect Africa and the United States through the sharing of talent and technology expertise while further strengthening the already staunch relationship with the Sybrin management team.The partnership will allow us to further bridge the two continents with tremendous opportunities and continue improving people’s lives through creating and sustaining jobs.”

Dean Sparrow, CEO and Co-Founder of Crossfin, an investment company that offers investors a blended exposure to technology investments in Fintech, said: “Now that we have officially partnered with 1K1V, together with Isaac Mophatlane, we anticipate an increase in collaborations within many African countries.”

“Our partnership with 1K1V and Crossfin, allows our business to gain significant additional leverage and valuable insight into the South African, African, and U.S. markets. The partnership will allow us to further bridge two continents with tremendous opportunities that will open up economic opportunities for tens of thousands of people. Through our experience in African technology investments, the Sybrin customer base, and networks that are already established across Africa, this partnership will yield vast opportunities for cross-border collaboration and technological innovation,” added Sybrin Group CEO Marius Mare.

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