Nairametrics| Silvertree has acquired Nigeria’s TopCheck, forming Africa’s largest price comparison group
TopCheck is Nigeria’s leading price comparison site for financial services offering free online comparison for insurance products, loans, and broadband internet plans.
The website recorded fast growth in 2016, processing up to 3 billion Naira (10 million USD) in Gross Application Value per month.
It was founded by European entrepreneurs Christian Wiesner Jose Figueiredo and Thomas Pilar in 2014, and headquartered in Lagos and Berlin. The startup, that dubs itself the “Moneysupermarket of Africa”, had raised 1 million Euros in venture capital in 2015.
Silvertree Internet Holding is a Cape Town based Internet holding company which owns and operates Internet assets across Africa. TopCheck will join Silvertree’s subsidiary Compare Africa Group (CAG). CAG is active in South Africa, Kenya and Nigeria, and offers online price comparison of goods and services through various websites.
The group owns financial services websites Compareguru (http://Compareguru.co.za), as well as product comparison site PriceCheck (www.PriceCheck.co.za), which was recently acquired from Naspers.
Silvertree has been very active in acquiring Nigerian tech companies in the past, having taken over Nigerian insured(dot)ng from Spark (2015) and deals site Dealdey (2016) from Kinnevik.