South African fintech company has a new name

JSE-listed fintech Capital Appreciation has officially changed its name to Araxi, which it believes better reflects the company’s identity and future strategy.

Capital Appreciation is a financial technology company that facilitates the provision of fintech platforms. 

It invests in and grows businesses that it believes deliver compelling and disruptive solutions to financial institutions and other enterprise clients.

Capital Appreciation started out as a Special Purpose Acquisition Company (SPAC), which listed on the JSE’s Main Board in 2015, raising R1 billion through a private placement of shares.

Since 2015, the company has continued to grow through various acquisitions, like Dashpay in 2017, and geographical expansion with the establishment of its international division in Amsterdam in 2021.

In March 2024, the company’s revenue exceeded R1 billion for the first time.

On Wednesday, 8 October 2025, the company announced a new shift – a name change to ‘Araxi’, which is derived from the Ancient Greek word for “river”.

The company said this marks an important milestone in its journey, having chosen a name that embodies continuous forward momentum – “one that better represents who we are and where we’re headed”.

“Our new name reflects who we are: a FinTech enabler with innovative solutions,” the company said in a recent press release.

“While our name has changed, the nature of our business and our commitment remain the same – deliver reliable, compelling, innovative and disruptive solutions to help end customers achieve  better outcomes, faster and at reduced cost.”

“Our new corporate identity will be unveiled soon, and we look forward to sharing that with you. Exciting times ahead.”

The company’s new short name on the JSE and A2X is Araxi, and its share code is now AXX and AXXJ, respectively.