Firepay, Standard Bank Subsidiary Behind SnapScan, Acquires Radar

Payment service company, Firepay, the team behind contactless mobile payment solution, SnapScan, has acquired South Africa-based HR, payroll and benefits solutions for SMEs, Radar.

The acquisition occurs as Kobus Ellers and Gerrit Greeff exit Radar (their second startup) to SnapScan (their first).

SnapScan makes it simple and secure to make and receive payments online, in stores, at home and while on the move. Radar allows small and medium-sized businesses to manage their staff and grow their business through a single platform.

For almost 10 years, Ehlers and Greeff have built various payments products leveraged by banks and SnapScan was the climax, becoming South Africa’s biggest mobile payments product prior to its acquisition by Standard Bank in 2016.

Together, they built Radar with Richard Oakley in 2019, and Radar was purchased by Firepay (the company behind SnapScan) in a deal that both the parties believed would unlock a number of value-added options for SnapScan customers.

Ehlers states that Firepay was among the original investors in Radar because it had a strategic fit with Radar’s offering. Both companies attempt to solve the same problems faced by SME customers. “Radar was looking for a way of scaling our distribution and taking the product to the next stage. It became apparent that SnapScan would be a great partner to help us do that..”

When you combine our product and the expertise of SnapScan, there are many possibilities. We look forward to seeing the product grow and improve the lives of small business employers in South Africa.”

Marin Cundall, Firepay’s CEO, noted her delight in Radar joining the company. She stated that the company’s goal is to provide the best possible experience for customers and she believes Radar will contribute in this regard.

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