South Africa: Ascension Capital increases stake in CPB
Ascension Private Equity Fund I has increased its interest in Consumer Profile Bureau from 26% to 85%.
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Ascension Private Equity Fund I, managed by Ascension Capital Partners, has increased its equity interest in Consumer Profile Bureau (CPB) from 26% to 85% to become the majority shareholder alongside the management team.
CPB, founded in 1981, is a South African payment profile hosting credit bureau. CPB goes beyond traditional credit bureau offerings – delivering bespoke real-time credit solutions, advanced reporting and analytics, digital identification, paperless FICA, and online data analytics, alongside tracing, credit verification, and debtor profiling. CPB continues to serve as a trusted partner to its extensive and varied client base.
The recent greylisting of South Africa, while presenting challenges, has created opportunities for CPB. The heightened regulatory landscape has driven demand for advanced know your customer (KYC) validation and compliance solutions that support compliance teams, areas where CPB is uniquely positioned to lead. CPB’s real-time credit solutions and compliance services create value as businesses navigate stricter compliance requirements, reinforcing CPB’s role as a market leader in both credit and compliance solutions. CPB also offers innovative scoring models designed for unbanked and credit-thin individuals, supporting economic inclusion.
This strategic investment by Ascension is expected to not only accelerate CPB’s growth trajectory but also strengthen its market presence and long-term strategy. Additionally, it enhances CPB’s BEE ownership credentials, aligning with broader national transformation goals.
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