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    HomeEcosystem NewsSOUTHERN AFRICAOne Year After Launch, South Africa’s Suppple Goes on IPO in Europe

    One Year After Launch, South Africa’s Suppple Goes on IPO in Europe

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    South African technology company Suppple, founded by former GovChat CEO Eldrid Jordaan and Chief Data Officer Goitse Konopi, announced its listing on the Luxembourg Stock Exchange today. The company, which focuses on government technology solutions, has a market capitalization of £200 million (R4.6 billion) with a share price of £2.

    Suppple’s listing is seen as a significant step towards financial stability and increased investor appeal. The funding is expected to fuel expansion into new markets and sectors.

    The company’s name, derived from a synonym for resilience, reflects its core mission: “Social impact Using Public-Private-Partnerships” (Suppple). Suppple offers an Infrastructure-as-a-Service (IaaS) API technology platform designed to assist governments globally in streamlining operations through digitization and automation.

    “SupppleAPI is an unseen, underlying infrastructure that supports public sector functions,” the company stated. Their platform enables developers, governments, and commercial clients to create features that connect with existing technology and data sources.

    Suppple’s service offerings are categorized into three mandates:

    • IaaS/Software Platform: Suppple provides APIs and integrations specifically designed for governments.
    • Public Sector Data Bureau: This arm focuses on connecting public and private data systems, facilitating verification, authentication, and fraud detection.
    • Startup Connection: Suppple aims to bridge the gap between startups, policymakers, and private sector partners.

    The company boasts a distinguished board of directors including Professor Randall Carolissen (Johannesburg Business School Dean), Dr. Lwazi Manzi (Head of Secretariat, African Union Commission on Africa’s COVID-19 response), and Marina Short (Chairperson, Credit Bureau Association and CEO, Consumer Profile Bureau).

    Suppple’s listing on the Luxembourg Stock Exchange marks a successful first year for the company. Their focus on improving government efficiency through technology solutions positions them for potential growth in the global market.

    Jordaan and Konopi, well-known for their roles as CEO and Chief Data Officer of GovChat, a citizen engagement platform, have redirected their expertise towards addressing critical global issues through technology. Suppple, their new venture, focuses on enhancing education, health, and food safety through innovative technological solutions. The company’s mission is deeply rooted in creating social impact via public-private partnerships.

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