“Whenever you see a successful business,
someone once made a courageous decision.”
Peter F. Drucker
ABOUT US
VCAP1 is an entity established for the specific purpose of investment in the fintech industry. Our largest shareholder is Capitalworks, an independent alternative asset management firm providing investment access and specialist solutions to its clients across a wide range of industries and investment themes in global emerging markets.
Our subsidiaries are SwitchOne (Pty) Ltd, Virtual Payment Solutions (Pty) Ltd, Utilities World (Pty) Ltd and Winciki Investments (Pty) Ltd trading as Prepaid World.
SwitchOne is an entity with an integrated payment technology stack that incorporates a payment gateway and ancillary services that facilitate the distribution of prepaid and post-paid product offerings.
We acquired Virtual Payment Solutions from the Celcom Group, a company with substantial experience in the telecommunications industry. Virtual Payment Solutions specialised in the distribution of SIM cards and the wholesale distribution of pinned airtime. The business has evolved to expand its product offering to e-commerce and terminal distribution for prepaid airtime, prepaid electricity and bill payment.
Utilities World is an industry-leading utility service provider in the Utility Vending Sector. For over a decade, it has provided innovative core vending systems, advanced data reporting and mining solutions, revenue protection and meter audits, and data normalisation.
Prepaid World offers a vertically integrated utility management system for both postpaid and prepaid platforms. The system has been successfully deployed in municipalities and private utilities, including vending capabilities to financial institutions, large retailers as well as stand-alone terminals. The system is both ubiquitous and modular and can be deployed on a Software as a Service (“SaaS”) basis.
OUR PURPOSE
We pursue opportunities that will enable product diversification as well as businesses that will provide synergies to our fintech platforms.
“You don’t build a business, you build people. Then people build the business.”
BOARD OF DIRECTORS
Mr Darshan Daya
Chairperson and non-executive director
Mr Herman Kotzé
Non-executive director
Mr Anton Biebuyck
Non-executive director
Mr Nanda Pillay
Executive director
Mr Poobalan Naidoo
Executive Director
Mr Stefano Brachini
Non-executive Director
