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Naspers eyes $1 bn fintech deals in India; seeks to replicate China success

Africa's largest company by market value is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step

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Loni Prinsloo | Bloomberg
Naspers Ltd. wants to spend about $1 billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent Holdings Ltd., a person familiar with the matter said.

Africa’s largest company by market value is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step, according to two people with knowledge of the discussions, who asked not to be identified as the talks are private.

A Naspers representative declined to comment. 

Cape Town-based investment group Naspers is the largest