SOUTH AFRICA

Transaction Capital Recoveries (TCR) was the first debt buyer in South Africa. Purchase books are generally sold by credit providers after being worked by “fee for service” agents and approximately 18 months post write off.

Its scale and significant database provides TCR with an inherent advantage in pricing and onboarding of new books.

Once purchased, all collections accrue to TCR instead of just the percentage commission as with agency revenue.

Right to Collect: In certain cases, where transfer of ownership of the book is problematic or prohibited by law, TCR acquires the exclusive right to collect on a book for a specified period of time, thus providing the credit provider with a partial upfront recovery in addition to a recurring recovery percentage over time.

AUSTRALIA

The Australian debt collection market is highly fragmented, we estimate the annual aggregated purchases of NPL portfolios at A$600 million, many times larger than the South African market. This gives some indication of the growth opportunity for TCRS. However, as our acquisition of NPL portfolios in Australia gains traction, underpinned by our analytics and pricing expertise and capital raising capabilities, we will remain cautious and selective.

SOUTH AFRICA & AUSTRALIA

TCR offers a host of outsourced customer management and collections services from day 1 delinquency reminders for payment (pre-write off) to legal collection services on long-outstanding receivables (post-write off).

TCR responds to specific client needs and tailors its campaigns according to clients’ recovery objectives.

TCR is generally appointed to panels and competes with in-house collections teams as well as competitors.

TCR earns a pure success based commission on collections.

In some cases TCR works accounts as an agent before they are sold off by the client.

Transaction Capital Risk Services utilises its South African low-cost centre of excellence to provide services and support efficiencies to enable the offshoring of international clients.

Offers proprietary value-added services to the mass consumer market on a subscription basis.

Services include administration of RAF claims, COID Act claims & claims against various road agencies & municipalities.

Products typically embedded in other subscription-based products in insurance, banking, motor & retail industries, & are also distributed to consumers via direct marketing channels.

Principa is a provider of data driven analytical and software solutions that span the customer life cycle.

Principa’s data scientists, developers and consultants work together to develop data analytics products and solutions that derive answers, predictions and recommended actions from large and complex data sets for over 150 companies in 30 countries in Africa, Middle East and Europe. This includes assisting clients to identify and win new customers, and providing customer management solutions that leverage consulting, data analytics & technology capabilities.

Transaction Capital Payment Solutions (TCPS) provides Electronic Fund Transfer (EFT) services which include salary and wage payments, 3rd party payments, NAEDO, debit order collections and account verification to clients in any industry accross South Africa, Lesotho, Namibia and Swaziland. TCPS specialises in delivering customised, innovative, flexible and tailor-made services to suit your business needs. 

Accsys is recognised as an award-winning software company in South Africa, specialising in People Management Solutions including payroll, human resource management, time & attendance solutions, access control, biometrics and employee self-service (ESS) on premise, in the cloud as well as a full outsource solution.

Accredited Payroll education on both the software and as a general formal qualification and recruitment is also part of their portfolio.

The mobile app allows leave applications and approvals from just about anywhere, as well as remote clocking, giving management the ability to manage employees from their phones and tablets.

TC Global Finance

TC Global Finance was established in 2019 to pursue growth opportunities in select international markets. The fragmented European specialised credit market, which is many times larger than the South African and Australian markets, presents an attractive growth opportunity. TCRS is targeting niche higher-yielding credit-orientated alternative assets in this market directly through bilateral transactions and indirectly via co-investments in partnership with its network of specialist credit managers. Transaction Capital does not intend pursuing the larger concentrated segment of this market, which is characterised by high levels of competition from sizable market participants with access to cheap capital and leverage to be deployed for moderate returns.

TCRS’s strategy will provide Transaction Capital with unique access to niche European specialist credit managers, without concentration risk to any particular portfolio, asset class, asset originator, collection platform or geographic market. This strategy serves to diversify TCRS’s earnings base further and we expect it to deliver low double-digit hard currency returns.

In time we intend to replicate Transaction Capital’s business model by investing into niche credit orientated asset portfolios, building scalable servicing platforms to manage these assets leveraging TCRS’s IP, technologies and low-cost South African infrastructure, and partnering entrepreneurial owners and management teams.

Specialised credit to mid-tier corporates in South Africa

TCSC earns revenue through the origination of alternative assets in specialized credit sectors, including advancing mezzanine debt, working capital finance, specialized property finance, and other capital solutions to mid-tier corporates in South Africa.

Transaction Capital Business Solutions (TCBS) provides bespoke finance to small businesses that may not otherwise have access to credit or working capital. This includes invoice discounting, trade finance & property finance, bridging finance as well as Foreign exchange services. TCBS has extended its offering to differentiate its value proposition provided to SMEs by offering adjacent and complementary financial solutions to assist SMEs in financing their end to end working capital cycle requirements.