1Experian has announced that it has agreed to acquire Compuscan (CSH Group Pty), one of the leading credit bureau and information services businesses in Africa.
Established in South Africa in 1994, Compuscan started as a credit bureau, focused on the micro-lending industry. It enabled micro lenders to avoid financial loss by identifying clients’ repayment probability before issuing a loan.
In 2014, Actis acquired a majority shareholding in Compuscan embarking on a “buy-and-build” strategy together with management, to expand the product offering and scale of the business, and to create one of the leading emerging market credit bureaus. Today, Compuscan is a full-service credit bureau and information services provider offering credit information services, decision analytics services, marketing services and loyalty/rewards services, operating across nine countries (South Africa, Namibia, Botswana, Mozambique, Lesotho, Ethiopia and Uganda, as well as in the Philippines and Australia).
Brian Cassin, Chief Executive Officer of Experian said “We are delighted to announce that Experian has agreed to acquire Compuscan. We have a long track record of investment in South Africa, where for many years we have helped businesses thrive through the provision of credit data and
Ali Mazanderani, P
Dave Cooke, Partner at Actis and based in South Africa, said “Compuscan is a great business, this successful investment further reinforces our