JOHANNESBURG & CAPE TOWN, South Africa, June 7 (Bernama-BUSINESS WIRE) -- Rand Merchant Investment Holdings (JSE:RMI) through AlphaCode, RMI's innovation hub for fintech entrepreneurs and Nedbank Private Equity ("NPE") through its private equity investment vehicle, BoE Private Equity Investments, have each acquired minority shareholdings in Entersekt in a multi-million dollar transaction. Entersekt is a Stellenbosch-based innovator that has developed world-class push-based authentication and app security technology.
The capital injection will be used to fund international expansion and research and development. All regulatory approvals have been obtained, including the Competition Commission of South Africa.
The capital injection will be used to fund international expansion and research and development. All regulatory approvals have been obtained, including the Competition Commission of South Africa.
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