Adumo
SA Payment Group Adumo Acquires Fintech Startup SwitchPay
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Crossfin Transactional Solutions Rebrands To Adumo
Crossfin Transactional Solutions (CTS) has rebranded to Adumo, in an attempt to infuse the fast-growing fintech company with an authentic African feel that speaks to its existing and future customer base. Following the 2019 acquisition of Sureswipe by Crossfin Technology Holdings, a fintech investment company, and Apis Growth Fund, a private equity fund managed by London-based Apis Partners LLP, Crossfin Transactional Solutions (CTS), South Africa’s largest independent payments and merchant acquiring solutions platform was formed. 2020 will now see an authentic, local positioning of CTS to ‘Adumo’. Adumo services more than 30 000 active clients and 50 000 active card machines – processing over $4 billion in transaction value – and with a presence in 7 African countries, making it is the la...
