Sybrin Explained

Sybrin
Industry:	Financial software Information management Insurance Telecommunication Workflow management Statements Settlement^[1]
Foundation:	^[2]
Location City:	Johannesburg
Location Country:	South Africa
Num Employees:	200

Sybrin is a software company headquartered in Johannesburg, South Africa that sells enterprise software and services to the financial services, insurance, and telecommunications industries. Sybrin implemented the first cheque truncation system in Africa, the third in the world, in Malawi.^[3]

The company offers a low-code platform^[4] along with other prebuilt solutions in their digital banking and payments as well as their intelligent automation product range. These include Payments Hub, KYC and AML, Intelligent Document Processing, Liveness Detection, Digital Onboarding, and more.

Sybrin’s clients include corporates, insurance companies, telecommunication service providers, banking institutions, as well as central banks and national Automated Clearing Houses.^[5]

Sybrin has key support offices in Kenya, Mozambique, Tanzania, United Kingdom, Zambia, and Zimbabwe.^{[6] [7]} Sybrin’s systems have been implemented in Botswana, Egypt, Eswatini, Ghana, Gibraltar, Isle of Man, Kenya, Kuwait, Lesotho, Malawi, Mauritius, Mozambique, Nigeria, Philippines, Rwanda, Seychelles, South Africa, Tanzania, Uganda, United Kingdom, Zambia, and Zimbabwe.^{[8] [9]}

Sybrin has more than 600 software installations in 21 countries and a staff complement of 200.^[10] The company attained the Microsoft Line of Business Award^[8] and has been accredited as an Oracle Platinum Partner.^[11]

History

• Founded in 1991,^{[12] [13] [14]} Sybrin shifted its operational headquarters to Johannesburg, South Africa in 2002.
• In 2003, Sybrin obtained the contract for the implementation of the first cheque truncation system in Africa, the third in the world, which was implemented in Malawi.
• In 2005, Sybrin opened a support office in Kenya.^{[15] [16]}
• In 2012, Sybrin opened support offices in Zambia and Tanzania.^[17]
• On 13 October 2013, Sybrin was acquired by EOH, a multinational technology company listed on the Johannesburg Stock Exchange with over 11 000 employees.^{[18] [19] [20]}
• In 2020, Sybrin partnered with the Mojaloop Foundation to advance financial inclusion in Africa^[21] and expanded their markets through strategic partnerships with various other organisations, including: Blisslead, Console, eBizolutions, Insight SCS, Legal Workflow, Nybble, OpenTech Kenya, Quetri,^[22] and Software People.
• In 2021, One Thousand & One Voices (1K1V), a private equity fund the limited partners of which consist exclusively of industry-leading families, in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, acquired the Sybrin Group of Companies (Sybrin) for R410 million. ^[23]

Notes and References

1. (14 October 2013). EOH buys finance specialist Sybrin. TechCentral. Retrieved 19 May 2016.
2. Belgium Campus (26 June 2015). Belgium Campus - Partner interview with Sybrin. YouTube. Retrieved 19 May 2016.
3. http://www.inet.mw/banking.php Sybrin Banking
4. Web site: Partner. Sybrin Nitro rapid application development platform introduced. 2021-12-14. en-US.
5. https://www.sybrin.com/clients-technology-partners/ Sybrin - Clients
6. Odendaal, Natasha (14 October 2013). EOH buys software developer Sybrin. Engineering News. Retrieved 19 May 2016.
7. Hogg, Alec (15 October 2013). No “acquisitions”, bought businesses “partners” – EOH’s Bohbot defends unique growth model. Biznews. Retrieved 19 May 2016.
8. http://www.eoh.co.za/docs/default-source/FinancialDocs/2014/eoh-investor-open-day-2014.pdf?sfvrsn=0 EOH Investor Open Day
9. Mochiko, Thabiso (14 October 2013). Technology company EOH buys Sybrin. BDlive. Retrieved 19 May 2016.
10. (14 October 2013). EOH acquisition of 100% of Sybrin. ITWeb. Retrieved 19 May 2016.
11. https://solutions.oracle.com/scwar/scr/Partner/SCPP-SYBRIN.html Oracle Platinum Partner
12. Web site: Tieto.com. Sybrin and Tieto partner to bring payment solutions to Africa TietoEVRY. 2020-07-16. www.tietoevry.com. en.
13. Web site: Sybrin Systems - Company, South Africa - SWFI. 2020-07-16. www.swfinstitute.org.
14. Web site: 2018-05-02. Technology solutions firm Sybrin announces four new appointments to senior ranks. 2020-07-16. www.consultancy.co.za. en.
15. (4 April 2014). Kenya’s Financial Service Industry to Introduce Paperless Transactions. Payments Afrika. Retrieved 19 May 2016.
16. Sybrin SA (28 May 2012). Cheque Truncation. YouTube. Retrieved 19 May 2016.
17. Web site: Locations Sybrin Celent . 2022-10-22 . www.celent.com . en.
18. (14 October 2013). EOH acquires software firm Sybrin. BusinessTech. Retrieved 19 May 2016.
19. http://www.eoh.co.za/docs/default-source/PDFs/corporateoverview.pdf?sfvrsn=2 EOH Corporate Overview
20. Web site: EOH buys finance specialist Sybrin - TechCentral. techcentral.co.za. 14 October 2013. 2020-04-07.
21. Web site: 2020-10-07. Sybrin and the Mojaloop Foundation: Advancing Financial Inclusion in Africa. 2021-12-14. Mojaloop. en-US.
22. Web site: 2020-09-23. Sybrin, Quetri IT Solutions partner to help accelerate digital transformation in Greece, South East Europe. 2021-12-14. ITWeb. en.
23. Web site: 2021-06-09 . 1K1V and Crossfin Acquire Leading Multinational Enterprise Software Company, Sybrin, for R410 Million . 2023-07-04 . www.businesswire.com . en.