Multiply Group and Nedbank Private Equity Successfully Exit Q Link

A consortium of private equity investors comprising Multiply Group, Nedbank Private Equity, Apis Partners and former Business Connexion CEO Isaac Mophatlane are pleased to announce the successful disposal of their interests in Q Link to a consortium led by Sanlam Private Equity.

Q Link is a leading independent financial service outsourcing business, providing payment application services software that manages deductions in both the payroll and bank collection streams and is a preferred provider of payment application software to the South African insurance industry and other third-party benefit providers.

“Our investment in Q Link which was alongside Multiply Group and Isaac Mophatlane facilitated a significant BEE investment into Q Link and has proved to be a successful partnership for our consortium and Q Link. Q Link is well positioned to continue its strong growth in the insurance premiums collection space.” said Yougan Moodley, Principal at Nedbank Private Equity.

Matthew Blewett of Multiply Group said “We have enjoyed a successful investment period with Q Link during which time the business has been able to develop and implement new digital collection and payment solutions. In addition, Q Link has expanded its offering to include the short-term insurance industry through its subsidiary QSure. Sanlam Private Equity is an excellent partner for Q Link as it continues its growth aspirations”.

“We are excited about the future prospects of Q Link. Q Link remains an essential service to the country and importantly, it is well positioned to foster greater financial inclusion of our citizens.” said Isaac Mophatlane.

South Africa’s burgeoning Fintech industry continues to be an exciting investment space for both private equity and strategic investors, locally and abroad. Businesses like Q Link are evidence of the enviable financial services and technology intellectual property that still resides in South Africa.