Capitec is becoming more of a fintech company, with Blu Label quietly powering some of thatStill, if Cell C lists successfully, the separation from Blu Label could make a transaction a lot cleaner. Capitec could take a strategic stake in Blu Label, without necessarily owning any shares in Cell C directly. A deal with Blu Label would make more sense for Capitec than investing directly in Cell C for other reasons. Blu Label, TechCentral understands, already facilitates a lot of the fintech backend services for Capitec. Capitec is becoming more of a fintech company, with Blu Label quietly powering some of that.