Ex-Actis Ali Mazanderani acquires Tutuka from Matteo Stefanel’s Apis Partners

Ex-Actis Ali Mazanderani acquires Tutuka from Matteo Stefanel’s Apis Partners

The former director of Actis acquired a majority stake in the South African fintech from Apis Partners. It was formerly owned by a subsidiary of Actis.

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            ▪ Ex-Actis Ali Mazanderani acquires Tutuka from Matteo Stefanel’s Apis Partners

▪ The former director of Actis acquired a majority stake in the South African fintech from Apis Partners. It was formerly owned by a subsidiary of Actis.

https://www.africabusinessplus.com/en/807464/ex-actis-ali-mazanderani-acquires-tutuka-from-matteo-stefanels-apis-partners/

Less than two years after buying 62.6% of Tutuka‘s shares, Apis Partners has chosen to leave the company. Tutuka allows B2B clients (fintechs, applications, banks, etc.) to integrate Visa and Mastercard cards and products. The South African asset was sold to London investor Salt Pay Co Ltd, an entity specialising in management solutions for SMEs and fintech services.

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