CAPE TOWN – The largest and fastest growing black empowered JSE-listed ICT group in the country, AYO Technology Solutions, and Vunani Group, an independent black-owned and managed diversified financial services group, on Monday announced the formation of a R100 million fintech joint venture to expand the fintech platform and financial services activities of Vunani.
Vunani Group is the investment vehicle owned by Ethan Dube, Butana Khoza and Mark Anderson, the three founders and senior management of the listed Vunani Limited.
Vunani Group owns 50 percent Vunani Limited, a diversified financial services group with more than R30 billion of funds under management, R10bn assets under administration, employing more than 300 staff through its four operating businesses: Fund management, fund administration, investment banking, securities trading, corporate advisory and private equity.
AYO listed on the JSE in December last year, offering numerous end-to-end solutions to a host of industries, including health care.
The group’s product and service offerings include business process management, big data analytics, data security, software development, internet of things solutions and cloud services.