Crossfin acquires stake in Nobuntu

Crossfin has acquired a stake in insurtech startup Nobuntu, a startup which provides affordable pension savings products to low-income clients. The transaction was made through its venture capital arm, Blue Garnet Ventures.

Neither the amount invested nor the stake were disclosed.

About Nobuntu
The company was established in 2017 to provide savings and insurance services to low-income workers in South Africa. It uses technology to reduce the cost of providing such services.