This is 1K1V’s second technology investment this year and the third technology investment in its portfolio. DigiCo operates at the forefront of the intersection between digital technology and telecommunications. Mobile-mediated sales, financial services, banking, couponing, gaming, loyalty programs, and a variety of other payment tender methods are all made possible by the organization. DigiCo’s technologies and products allow for a B2B2C (business-to-business-to-consumer) service that is independent of phone type or mobile operator. Airvantage, M4Jam, and PayMeNow (mobile financial services); Hyve Mobile and Viamedia (VAS entertainment); and Cellfind (integrated communications), to mention a few of the company’s digital businesses, operate in 22 countries around the world. “DigiCo’s world-class, locally-developed technology, IP and service offering are at the forefront of the rapidly-changing digital economy,” said Hendrik Jordaan, President and CEO of 1K1V. We believe some of this unique technology is way ahead of its time and has not been deployed yet in developed economies. Our goal is to reposition the company for growth in these markets through our Three-Dimensional Capital provided by our leading family LPs and our extensive global networks.” The investment by 1K1V into DigiCo is an important step in the journey to grow, expand and internationalise our business,” shared Andrew Dunn, CEO of DNI, the majority shareholder of DigiCo. 1K1V has globally renowned networks and relationships, an excellent investment track record and strong advisory capabilities so, from a strategic perspective, they bring far more than just capital to the table. We are looking forward to them adding considerable value to DigiCo and helping us achieve our long-term growth aspirations.” 1K1V’s investment in DigiCo is linked to its expanding strategic partnership with Jason Goodall, a seasoned technology investor who was recently named as DigiCo’s chairman. Goodall is also a Non-Executive Director of Dimension Data’s parent company, NTT Ltd, and a Strategic Advisor to Letter One, an international investment firm concentrating on the telecoms, technology, and energy sectors. On his appointment Goodall said: “I’m thrilled to join the DigiCo team of exceptional entrepreneurs and technologists. After spending over a decade scaling a global technology business, I’m delighted to continue this journey with the DigiCo team and build a highly relevant, fast-growing, customer-centric, platform-based global technology business across multiple industry sectors. I am excited by the innovation and proven technology platforms that exist within the group and believe there is a compelling opportunity to globalise the business from its South African roots with the backing of global investors such as 1K1V.”
