Cape Town Stock Exchange raises $5 million to enhance the market’s ability to attract capital funding


The Cape Town Stock Exchange (CTSE) has raised a funding round worth $5 million led by new investor Imvelo ventures.

Other participants in the round funding include Lebashe Investment Group, Gary Stroebel, Pallidus Alternative Investments, and Shaolin Investments.

When it first opened its doors in October 2021, the Cape Town Stock Exchange committed to attracting companies from all over the continent by offering listings at prices that were a third of what was being charged by the Johannesburg Stock Exchange, which is the largest stock exchange in Africa in terms of market capitalization.

The financial infrastructure of the CTSE is entirely digital and functions on a cloud-based platform that uses its in-house registration, which is powered by proprietary registry technology, facilitating an overall more straightforward, more cost-effective, and time-efficient trading procedure, as well as listing companies.

Speaking to TechinAfrica bout the funding, CTSE CEO Eugene Booysen stated that the exchange’s technology and financing innovation is changing the experience of raising capital and funding in the market. This process, which was previously lengthy and complicated, is now more transparent, safe, and straightforward.

 “We are appreciative of our newest investment as well as our previous investors for having faith in our company and the opportunity that lies ahead of us. He said, “this serves as further evidence of the fact that our company plays a revolutionary role in the expansion of the African economy from Cape to Cairo.”He added.

Mark Fitzjohn, head of Imvelo Ventures, said that the company is constantly looking to fast-track the growth objectives of South African entrepreneurs. Imvelo Ventures is the principal investor in the company. They highlight the capacity of the CTSE’s exchange and investment banking technology to realize that objective.

With their cloud-based technology, and end-to-end exchange architecture together with their marketplace of partners, they can quickly bring new, data-driven solutions to the market at a low cost which will make it possible for them to push the frontiers of capital and funding raise combining data and AI with new age exchange infrastructure.