The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
The acquisition marks a landmark deal in the fintech industry that will see Crossfin secure the requisite capital to pursue the next phase of its growth.
Distell is South Africa’s most expansive wine and spirits maker.
One of the wealthiest men in Africa and the second richest man in South Africa, he holds a significant stake in IDH.
Prosus is the global Internet assets division of the South African multinational group, Naspers.
Richemont recently disclosed that it is in talks to sell off a majority stake in the loss-making online retailer YNAP.