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DigiCo secures a $13.5 million investment from 1K1V for global expansion.

One Thousand & One Voices (1K1V), a private equity firm with an exclusive limited partner (LP) base of leading family offices that invests in Sub-Saharan Africa, recently announced an R200 million (approximately $13.5 million) minority stake in Digital Ecosystems (DigiCo), a market-leading investment holding company that provides integrated technology services to the telecommunications sector as well as various SaaS platforms.

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.

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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.

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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.

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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.

Weddy Thuranira
Weddy Thuranira
Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at [email protected]

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