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VEA Capital Partners has announced an investment in Bonisa Applied Insights (Bonisa AI), acquiring a stake in the South African data science and artificial intelligence business.
Bonisa AI provides data science and AI solutions for businesses across sectors including retail, banking and telecommunications. Its capabilities include credit scoring, fraud modelling, alternative data modelling and decisioning.
“We are not chasing AI for the sake of AI. We are solving hard commercial problems, using data and technology to create measurable outcomes. We see enormous potential in what Bonisa AI has built and, importantly, in the team behind it,” said Zander de Witt, co-founder and managing director of VEA Capital Partners.
Bonisa AI’s CEO, Jacobus Eksteen, commented, “In VEA Capital Partners and the VEA Group, we’ve found partners who don’t just provide capital; they genuinely try to understand our business, share our ambition and roll up their sleeves to help us add value. We are incredibly excited about what this means for our team, our clients, and our ability to continue applying insights at scale. Most importantly, the resourceful humans at VEA do what they say and say what they do. This is incredibly rare but lays the cornerstone for the future we are building together.”
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