Capital Appreciation Looks To Provide Innovative And Disruptive Financial Solutions. Capital Appreciation is a Fintech company with proprietary and licensed platforms, solutions, products and applications targeted at the business-to-business market. Its client base includes all major banking institutions in South Africa, as well as many niche banks, large financial services institutions and other financial services companies.
Capital Appreciation is focused on investing in and growing businesses that deliver compelling, innovative and disruptive solutions to its Financial Institution and other clients, allowing them to develop and introduce new products, deliver value to their customers, improve efficiency and control, and eliminate unnecessary operating costs.
Fintech is a classification used to describe innovative and transformative technologies disrupting traditional banking and financial services. These changes are extremely evident in the payment sector, affecting, inter alia, relationships between financial institutions and their consumer clients, financial institutions and their corporate retailer clients, retailers and their consumer customers, and among consumers themselves. There are also increasing requirements for financial institutions to enhance regulatory compliance while simultaneously reducing their costs of delivery. These are huge market forces, the consequences of which are visible in the economy as a whole. These forces are expected to intensify and the changes they precipitate expected to accelerate. Traditional financial and banking institutions are rapidly embracing the idea of Fintech recognising that Fintech presents an opportunity to improve efficiency, reduce cost, enhance customer experience and drive revenue and that their businesses are otherwise vulnerable as the digital economy changes customer behaviour.
Capital Appreciation was the first Special Purpose Acquisition Company (“SPAC”) to list on the Main Board of the JSE. Capital Appreciation raised R1 billion through a private placement of shares. It announced its intention to focus its investment activity in the Financial Technology (“FinTech”) sector. Capital Appreciation also announced the simultaneous acquisition of 100% of 3 companies – African Resonance, Dashpay and Synthesis Software Technologies. Capital Appreciation’s intention is to invest in Resonance Australia and acquire a 17.5% interest.
“By bringing cutting-edge Fintech to our clients, we give them the opportunity to improve efficiency, reduce cost and enhance customer experience. Our secondary listing on A2X extends this principle to our shareholders by providing them with the choice of transacting on an alternative platform that through the use of the latest high-performance technology offers efficiency gains in the form of lower exchange fees and price improvement. This ultimately gives our transacting shareholders the opportunity to save money and supports the growth and development of the South African market,” says Capital Appreciation joint-CEO Bradley Sacks.
