Home Fibertime Group Proprietary Limited Fibertime Group Proprietary LimitedA local Spaza Shop in Kayamandi, embedding the fiberime™ brand into the lifestyle of the local community. In brief Fibertime Group is the parent company of Fibertime and Vulacoin. Fibertime provides a pay-as-you-go model of affordable and uncapped time-based open-access aerial fibre internet. Vulacoin provides a gateway for internet services providers to initiate micro digital payments at low costs for users to purchase internet and offer additional services through digital means. With Finnfund ‘s investment, Fibertime Group will expand their operations into new townships in South Africa and software development. A local Spaza Shop in Kayamandi, embedding the fiberime™ brand into the lifestyle of the local community. Main development impact Approximately 14 million (80% of the total) homes in South Africa remain unserved by fast and affordable internet. The traditional post-paid suburban FTTH (Fiber-to-the-home) model targets high LSM (Living Standards Measure) customers with long-term fixed contracts to guarantee revenue. This results in a high-cost post-paid model wholly unsuitable for township fibre, perpetuating South Africa’s digital inequality. Fibertime's prepaid fibre connection enables cheaper, faster, and more reliable internet connection for people living in townships. Investment details Name: Fibertime Group Proprietary Limited Project number: 80000450 Region: Africa Country: South Africa Sector: Digital infrastructure and solutions Signing date (month/year): November 2023 Currency: EUR Finnfund's financing (commitment): 2,000,000 Instrument: Equity Size of the project financing: EUR 11,200,000 Share of Finnfund's financing (%): 18 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.November Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Fibertime Group Proprietary Limited Sector: Digital infrastructure and solutions Region: Africa Country: South Africa Currency: EUR Finnfund's financing (commitment): 2,000,000 Signing date (month/year): November 2023 Last update: December 2023