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standardbank.co.za

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Investments

16

Portfolio Exits

2

Partners & Customers

10

About Standard Bank of South Africa

Standard Bank of South Africa (JSE: SBK) is an Africa-focused financial services organization that provides personal banking, business banking, insurance & wealth advisory, corporate and investment banking, and wealth & investment services.

Standard Bank of South Africa Headquarter Location

Johannesburg,

South Africa

+27 0860 123 000

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Latest Standard Bank of South Africa News

Standard Bank appoints new chair-designate

May 10, 2022

Subscribe Standard Bank says it has appointed Nonkululeko Nyembezi as chair-designate of the group and the Standard Bank of South Africa, with effect from 1 June 2022. The group said it has obtained the necessary Prudential Authority clearance for the appointment. Nyembezi was appointed to the boards of Standard Bank Group and SBSA in January 2020 as an independent non-executive director. Her experience includes being both a board chairman and a member of board committees, with core expertise in strategy, planning, execution, governance and corporate stewardship. Her previous roles include serving as chairman of the Johannesburg Stock Exchange and Alexander Forbes Group Holdings, non-executive director of Old Mutual, CEO of ArcelorMittal South Africa, and non-executive director of Standard Bank Namibia. Nyembezi is chairman of Business Leadership South Africa (BLSA) and also represents corporate South Africa at international investment conferences including the World Economic Forum and the SA Tomorrow conference. An electrical engineering graduate of the University of Manchester Institute of Science and Technology (B.Sc.) and of the Californian Institute of Technology (M.Sc), Nyembezi also holds an MBA from the Open University (UK.) Standard Bank Group chief executive Sim Tshabalala, said: “Our chairman-designate is a truly remarkable person. By every possible measure of experience, character, skill, and achievement, Ms Nyembezi is ideally suited to be the chairman of the Standard Bank Group. Ms Nyembezi’s very strong – and directly relevant – academic background, great achievements as an industrialist and corporate leader, and her worldwide network of colleagues and peers combine to make her a very widely respected citizen of South Africa, Africa, and the world. “Nku is exactly the person that African’s leading financial institution needs to lead our Board and govern our business. It is also hugely significant to us that the Standard Bank Group will shortly have its first female chairman, and that this chairman is a black African woman. This is a profound and historic strategic moment – at once a proud celebration of unquestionable excellence and a moment of restorative justice.” Nyembezi takes over from Thulani Gcabashe. “It’s been a privilege to chair Standard Bank over the past seven years. The group has gained competitiveness, demonstrated impressive resilience, and upheld our commitment to maintaining the highest standards of corporate governance. I wish the Group and Nku very well and I have no doubt that she will be an outstanding chairman,” he said.

Standard Bank of South Africa Investments

16 Investments

Standard Bank of South Africa has made 16 investments. Their latest investment was in Rewire as part of their Series C on February 2, 2022.

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Standard Bank of South Africa Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/8/2022

Series C

Rewire

$25M

No

4

10/26/2021

Line of Credit

Sun King

$75M

Yes

3

9/21/2021

Seed

HelloChoice

Yes

5

3/17/2021

Unattributed

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$99M

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10

8/25/2020

Corporate Minority

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10

Date

2/8/2022

10/26/2021

9/21/2021

3/17/2021

8/25/2020

Round

Series C

Line of Credit

Seed

Unattributed

Corporate Minority

Company

Rewire

Sun King

HelloChoice

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Amount

$25M

$75M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

3

5

10

10

Standard Bank of South Africa Portfolio Exits

2 Portfolio Exits

Standard Bank of South Africa has 2 portfolio exits. Their latest portfolio exit was Standard Bank of South Africa - Safe Custody Business on March 29, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/29/2022

Divestiture

1

9/22/2021

IPO

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$99M

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10

Date

3/29/2022

9/22/2021

Exit

Divestiture

IPO

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

Standard Bank of South Africa Acquisitions

1 Acquisition

Standard Bank of South Africa acquired 1 company. Their latest acquisition was SnapScan on December 09, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/9/2016

Other

$99M

Acquired

3

Date

12/9/2016

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

3

Standard Bank of South Africa Partners & Customers

10 Partners and customers

Standard Bank of South Africa has 10 strategic partners and customers. Standard Bank of South Africa recently partnered with Nomanini, and Nestle on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/18/2022

Partner

South Africa, and Switzerland

Nestlé, Nomanini and Standard Bank partner to provide MSMEs access to working capital

Nestlé , Nomanini and Standard Bank partner to provide MSMEs access to working capital

1

11/1/2021

Vendor

United States

TFG Weekly Trade Briefing, 1st November 2021.

South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave .

1

11/1/2021

Partner

United States

TFG Weekly Trade Briefing, 1st November 2021.

South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave .

1

10/28/2021

Vendor

United States

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10

10/28/2021

Vendor

United States

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10

Date

1/18/2022

11/1/2021

11/1/2021

10/28/2021

10/28/2021

Type

Partner

Vendor

Partner

Vendor

Vendor

Business Partner

Country

South Africa, and Switzerland

United States

United States

United States

United States

News Snippet

Nestlé, Nomanini and Standard Bank partner to provide MSMEs access to working capital

Nestlé , Nomanini and Standard Bank partner to provide MSMEs access to working capital

TFG Weekly Trade Briefing, 1st November 2021.

South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave .

TFG Weekly Trade Briefing, 1st November 2021.

South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave .

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Sources

1

1

1

10

10

Standard Bank of South Africa Team

6 Team Members

Standard Bank of South Africa has 6 team members, including former Chief Executive Officer, Stuart Henrickson.

Name

Work History

Title

Status

Stuart Henrickson

Chief Executive Officer

Former

Mensah George

Chief Information Officer

Former

John Wentzel

Chief Information Officer

Former

Peter Freeman

Founding Partner

Former

Pedro Marcilio

Managing Director

Former

Name

Stuart Henrickson

Mensah George

John Wentzel

Peter Freeman

Pedro Marcilio

Work History

Title

Chief Executive Officer

Chief Information Officer

Chief Information Officer

Founding Partner

Managing Director

Status

Former

Former

Former

Former

Former

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