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§ FINTECH · TIER GROWING
CreamFinance / Capitec
Capitec Bank (SA) Invested €21M for 40% Stake in Latvian Fintech
South Africa's Capitec Bank made its first-ever foreign acquisition in 2017, investing €21M for a 40% stake in Latvian online lender CreamFinance (now AvaFin). A sign that capital flows both ways in the Latvia–SADC corridor.
avafin.eu →§ TRADE FLOW
Latvia → South Africa
SOURCE · EUROSTAT COMEXT · DS-045409
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