Maj Invest Equity and Nuveen completed a majority stake in GloboKasNet.

Maj Invest Equity, an asset management company, and Nuveen, an investment manager, completed a majority stake in GloboKasNet, a multi-bank payment network. Financial terms were not disclosed. “As close followers of GKN’s efforts throughout the years, we could not be more excited to support the company’s leadership and growth alongside MIFIF III. Expanding access to critical financial services, coupled with the support of entrepreneurship among small-businesses in low-income areas, will have a lasting impact on the local economy and play an integral role in financial equality more broadly,” Radhika Shroff, Nuveen Managing Director.