GLU Global (Pty) Ltd. – ‘GLU’ – (HQ in Cape Town) is disrupting the USD240 billion Systems Integration industry by offering a universal and ruggedized plug-and-play system integration solution for Developing (current focus) and Developed Markets. Founded by star leaders in mobile payments pioneer, Fundamo (acquired by VISA for USD110 million), GLU has multiple commercial deployments with strong reference customers and a full pipeline of sales targets across Sub-Sahara Africa, Middle East and Eastern Europe. Just over four years old, founder-funded GLU has achieved profitability organically and will raise USD6 million in three stages to resource the expansion of the business. This expansion will realize a 5-year ‘base case’ NPV of USD50 million, positioning GLU as the most attractive acquisition target in the global Systems Integration industry.
|Stage||Growth stage EST November 2015|
|Sectors||Banking, Enterprise software, Software as a Service|
|Location||Cape Town, South Africa|
|Markets||Afghanistan, Congo, Democratic Republic of the, Georgia, Jordan, Kenya, Kyrgyzstan, Malawi, Nigeria, Pakistan, Poland, South Africa, Tanzania, United Republic of, Uganda, Zambia|
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