South African FinTech start-up raises $2 million

South African FinTech start-up Hepstar has raised $2 million from UK-based global technology investor Amadeus Capital Partners.

By - February 23, 2016 Share on LinkedIn
Hepstar

Digital insurance distributor Hepstar has received $2 million in funding from UK-based technology investor Amadeus Capital Partners.

Amadeus Capital Partners’ investment into Hepstar is provided for by their Digital Prosperity Fund, which is backed by the MTN Group.

With the new funding, the company will expand its global reach, accelerate development, and grow its brand.

Hepstar was founded in 2013 to address the need for e-commerce companies, airlines and travel companies in particular, to maximize revenue from ancillaries.

“The global airline ancillary opportunity is around $60 billion. We can help our partners make up to 30% of their net revenues from insurance ancillaries”, said Hepstar CFO Brett Dyason.

Over the last year, the company has grown its presence to include Africa, the Middle East, Europe, and Australia.

Hepstar clients include CarTrawler, South African Airways, ClickBus, IATI, Flightsite, and Travelstart.

More on business

IT skills which will get you the highest salary in South Africa

IT professionals who earn the biggest salaries

Starting salaries for IT professionals in South Africa

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Do you think Vodacom, MTN, and Cell C will cut their mobile data prices?

View Results

Loading ... Loading ...

More News

Amazon Prime Video with Jeremy Clarkson’s new car show to launch in South Africa

The Grand Tour Clarkson Hammond May

Amazon will be bringing its Prime Video service to South Africa along with The Grand Tour.

Advertisers should boycott SABC: Right2Know

SABC please stand by

The Right2Know Campaign has called for advertisers to boycott the SABC.

Top Gear will be back in 2017 with Matt LeBlanc

Matt LeBlanc and The Stig

Matt LeBlanc will be returning to host Top Gear in 2017.

Big tech price cuts in Makro Price Slice Sale

makro sale

Makro has launched a one-day “BIG Price/Slice Sale”, offering significant discounts on laptops, computer monitors, tablets, and other tech products.

Free MyBroadband Newsletter
×