DPO Group, a payment service provider (PSP) in Africa to more than 60,000 active merchants, has been purchased by multinational merchant processor Network International for $228 million in cash and $63 million in stock. Apis Growth Fund I was the majority owner of DPO. The founders of the company owned a majority of the remaining equity. Network International Holdings shares trade on the London Stock Exchange. Apis Growth Fund I invested in DPO in 2015. The company used the money to expand from 8 countries to 21. DPO has local sales and support teams and works with more than 50 acquirers in...