Apis acquires majority stake in paytech Tutuka

Apis Partners has acquired a majority stake in the South African Paytech Tutuka.

Apis (as the manager of Apis Growth Fund II) acquired its stake from Paycorp, which invested in Tutuka in 2015, and helped the company expand its international presence and more than triple its size since its initial investment.

Tutuka is known for its unique Processor Plus model that allows fintechs, mobile wallets, apps and banks in emerging markets to easily issue Mastercard and Visa …

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