Bevan Ducasse was only 24 when he decided to change the way retailers operated by making it easier for them to handle electronic transactions. Adopting a mobile transaction app was once a monumental task for retailers. So far wiGroup has integrated upwards of 100 mobile transaction apps. There were only about 40 two years ago.
Transaction values on the company’s platform have also soared, and stand at R4,3bn for the past three years. In a typical 24-hour period they grow by about R7m, and annually they rise by about R2,5bn. For Bevan the growth story is still unfolding. Investec Asset Management has recently acquired a stake of over 25% in wiGroup, which takes it to a new growth phase.