Net1 ranked in Fortune’s 100 Fastest-Growing Companies list for 2015
The Fortune magazine’s annual list of 100 Fastest-Growing Companies focuses on public companies with the most stellar three-year profit, revenue, and stock growth. And Net1 has featured in the 2015 edition of this list!
“I am very proud of our maiden inclusion in Fortune’s 100 Fastest Growing Companies list,” said Serge Belamant, chairman and CEO of Net1. “Our ranking in the top 100 affirms the efforts of the Net1 global team over the last three years and I look forward to sustaining the momentum as we diversify our activities.”
Net1, holding company of ZAZOO, is valued at more than R13 billion. ZAZOO, its mobile payments business, is considered one of the fastest growing technology businesses globally, and is currently expanding its operations on the ground in the UK, India and the US.
ZAZOO’s global footprint has expanded into 12 African countries, and also has a presence in Colombia, India, Spain, South Korea and the Philippines.
ZAZOO plans to take Net1’s patented technology, such as mobile virtual card (MVC) payment app and soon-to-be launched Biometric Variable PIN, to new markets, using London as a convenient hub from which to coordinate all its global deals.
“I couldn’t be prouder of ZAZOO’s contribution to the growth of our holding company, Net1. Our innovative technology across our portfolio of businesses, together with the aspiring companies we’ve collaborated with, such as Microsoft, Uber, Funifi and BitX, has undoubtedly contributed to Net1’s success, and we are thrilled to be a part of their accolade,” says Philip Belamant, ZAZOO, Managing Director.
Net1 ranked 60th for EPS growth, 91st for revenue growth, 78th for total return and 99th overall.