South African based investment group Naspers, the largest shareholder of Tencent, is looking to find their next big success as they plan to invest $1bn in India; Bloomberg reports the firm is already in talks to invest $200mn in fintech small business lender Capital Float and an undisclosed amount in payments security firm Wimbo; they are trying to replicate their previous success with Tencent and believe there could be an opportunity in the emerging Indian fintech market. Source.
