Transaction Capital

Transaction Capital Limited is a financial services provider based in Johannesburg, South Africa, operating primarily in South Africa and Australia. The company focuses on non-deposit taking financial services and is structured into several divisions, including SA Taxi and WeBuyCars. SA Taxi offers a vertically integrated platform that encompasses vehicle procurement, retail, repossession, refurbishment, and asset-backed developmental finance, catering specifically to the taxi industry. WeBuyCars functions as a buyer, distributor, and retailer of vehicles, while also providing financial and ancillary products. Additionally, Transaction Capital delivers a range of customer management solutions, business support services, and working capital finance to small and medium-sized enterprises (SMEs). Through its fintech platform, the company enhances client engagement and risk mitigation. Transaction Capital aims to leverage its specialized credit, risk, and analytics competencies to address the financial needs of underserved markets, contributing to the broader credit system while enhancing stakeholder value. The company was founded in 2007 and continues to adapt its strategy to meet evolving market conditions.

David Hurwitz

CEO and Board Member

7 past transactions

Troy

Venture Round in 2021
Troy is a FinTech company that specializes in friendly debt collection services, emphasizing a data-driven and omnichannel approach to customer experience. Recognizing that over 50% of customers may overlook payments or experience temporary financial difficulties, Troy focuses on maintaining strong relationships between creditors and their customers. The company combines advanced technology with extensive debt collection expertise and marketing best practices, positioning itself as a leader in customer experience within the debt collection sector in Europe. This innovative approach has demonstrated significant results, achieving debt recovery rates 25% to 80% higher than traditional agencies. With a customer satisfaction rating of 4.1 out of 5, Troy's services not only facilitate faster payment but also enhance overall customer relations. While primarily catering to corporate clients, the Troy platform also aids in digitizing and improving customer experience in other internal processes, showcasing its versatility and commitment to elevating client interactions.

WeBuyCars

Acquisition in 2021
WeBuyCars has built an exceptional reputation as the number one car-buying service in South Africa. Started by brothers Faan and Dirk van der Walt, the renowned WeBuyCars brand has expanded with services throughout South Africa, with warehouses in Silver Lakes, Midstream, Durban, Johannesburg South, Port Elizabeth and Cape Town. Part of our success is due to our focus to attract and retain employees who have the same values and principles – who don’t necessarily have the abilities and skills to begin with – but who are willing to learn; work hard, provide excellent customer service and who see themselves walking a long road ahead with WeBuyCars. We also like to grow our employees in the areas we know they will excel in and are currently studying through our bursary programme - and we are happy to reap the rewards from a happy and remarkable workforce. Our workforce currently entails almost 200 sales executives based across the country in our eight branches; and 150 buyers nationwide. With our new branches scheduled to open in the next few years, we are set to continue our exponential growth.

WeBuyCars

Corporate Round in 2020
WeBuyCars has built an exceptional reputation as the number one car-buying service in South Africa. Started by brothers Faan and Dirk van der Walt, the renowned WeBuyCars brand has expanded with services throughout South Africa, with warehouses in Silver Lakes, Midstream, Durban, Johannesburg South, Port Elizabeth and Cape Town. Part of our success is due to our focus to attract and retain employees who have the same values and principles – who don’t necessarily have the abilities and skills to begin with – but who are willing to learn; work hard, provide excellent customer service and who see themselves walking a long road ahead with WeBuyCars. We also like to grow our employees in the areas we know they will excel in and are currently studying through our bursary programme - and we are happy to reap the rewards from a happy and remarkable workforce. Our workforce currently entails almost 200 sales executives based across the country in our eight branches; and 150 buyers nationwide. With our new branches scheduled to open in the next few years, we are set to continue our exponential growth.

The Beancounter

Acquisition in 2016
The Beancounter is an accounting firm located in Johannesburg and Pretoria, South Africa, specializing in outsourced monthly accounting services. The firm provides a comprehensive range of services, including monthly reporting and compliance, annual financial statements, tax planning, payroll processing, and bookkeeping. By focusing on small and medium-sized enterprises, The Beancounter ensures that its clients receive timely management accounts and remain compliant with statutory requirements, addressing both routine accounting needs and more complex technical queries.

RoadCover

Acquisition in 2016
RoadCover is a service dedicated to managing claims with the Road Accident Fund (RAF) from initiation to resolution. It simplifies the often complex process of filing claims for road accidents, offering a range of services that include no-fee assistance for road accident claims, fines management, pothole damage claims, car licensing, legal assistance, and emergency roadside support. By providing these services at no additional cost to its subscribed members, RoadCover ensures access to high-quality legal and administrative support, thereby enhancing the claims experience for individuals involved in road incidents.

Recoveries Corp

Acquisition in 2016
Recoveries Corp is a contact centre specialising in debt recovery solutions and insurance claims recovery services.

Paycorp Holdings

Acquisition in 2006
Bancstac is a payment systems provider based in Johannesburg, South Africa, offering a variety of payment solutions such as ATMs, card issuing, and acceptance technology. Founded in 1999, the company has established itself as a key player in the financial services sector, focusing on financial inclusion and better access to banking services for the under-banked population. Bancstac operates a network of over 5,000 ATMs across Southern Africa and has deployed more than 22,000 payment terminals and over 500 card programs. The company is committed to maintaining high standards of corporate governance and has achieved PCI compliance, ensuring the security of card data. Bancstac maintains strong relationships with various banks and card associations in its operating regions and engages collaboratively with regulatory bodies. Currently, the company operates in 16 countries across sub-Saharan Africa and South East Asia, with plans for expansion into Eastern Europe.
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