Tag: Naspers

Naspers leads $14.4 million investment in Joymode
JSE SENS Tech

Naspers leads $14.4 million investment in Joymode

South Africa’s Naspers Limited said it led a $14.4 million Series A investment in Joymode, an innovator in the movement from ownership to access. The company said the fund was raised through Naspers Ventures division with participation from previous investors. Also announced today, Mike Katz of Naspers Ventures, has joined […]

Naspers’ PayU to leads USD115 million investment in Remitly
Tech

Naspers’ PayU to leads USD115 million investment in Remitly

South Africa-based Naspers said PayU, its fintech division, will lead a USD115 million investment round in Remitly, an American digital remittance company. Remitly’s current investors include Stripes Group, DFJ, and DN Capital will participate in the round. Laurent le Moal, PayU CEO, will join Remitly’s board of directors following the […]

Naspers’ Tencent, WeChat under investigation in China
Tech

Naspers’ Tencent, WeChat under investigation in China

Naspers, Africa’s largest technology investor is under investigation in China. Naspers’ social media sites as well as WeChat, its mobile chat application are being investigated by the Cyberspace Administration of China. As a result of the announcement, Naspers shares listed on the Johannesburg Stock Exchange, JSE, tanked by 5%, the […]

Why Zimbabwe’s Steward Bank suspended pay-TV payments
Global

Why Zimbabwe’s Steward Bank suspended pay-TV payments

Unavailability of foreign exchange has been cited as one of the major reasons why Zimbabwe’s Steward Bank suspended payments to the pay-TV subsidiary of South Africa’s Naspers. There are indications that there dollar shortages are worsening in the southern African nations. Local banks have been forced to limit withdrawals due […]