Table of Contents
Key Points
- Transaction Capital sells three non-core units, Nutun Transact, Accsys, and Nutun Credit Health, to Q Link Holdings for up to R510 million ($28.8 million).
- The divestiture includes Nutun Transact, Accsys, and Nutun Credit Health, enhancing Q Link Holdings’ offerings in the competitive South African financial landscape.
- This sale aligns with Transaction Capital's strategic restructuring to streamline operations and focus on core asset-backed lending services in South Africa and Australia.
Transaction Capital, a leading financial services group led by South African business executive Jonathan Jawno, has finalized the sale of three non-core units to fintech leader Q Link Holdings.
The divestiture includes Nutun Transact, Accsys, and Nutun Credit Health (NCH) and is valued at up to R510 million (approximately $28.8 million).
The sale, completed on Nov. 1, follows the approval of all necessary legal and regulatory requirements. This move is part of Transaction Capital's strategic restructuring announced in August, aimed at streamlining operations by divesting non-essential assets to focus resources on its core business.
Assets enhance Q Link Holdings’ portfolio
The divested assets include Nutun Transact, which specializes in business-to-business transaction processing and HR solutions, along with Accsys and NCH, which provide payroll management, collections services, and financial wellness solutions.
This acquisition will strengthen Q Link Holdings' capabilities and expand its presence in South Africa’s competitive financial landscape.
Transaction Capital's Sens statement confirmed the fulfillment of all conditions outlined in its August announcement, indicating that the transaction has become unconditional. “Shareholders are advised that the transaction became unconditional in accordance with its terms and will be implemented today,” the statement read.
Transaction Capital's strategic evolution
Founded by Jawno, along with partners Michael Mendelowitz and Roberto Rossi, Transaction Capital specializes in asset-backed lending and niche risk services across South Africa and Australia.
The company, which operates as a non-deposit financial services firm, has been actively refining its portfolio. Earlier this year, it unbundled WeBuyCars, its used vehicle marketplace, allowing for independent operation on the Johannesburg Stock Exchange.
With Q Link Holdings now managing Nutun’s transaction processing and HR management services, this deal positions the fintech group for significant growth in South Africa's evolving digital finance sector.
