Fintech Lesaka completes $96m Adumo buyout
The transaction was finalised with the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment of $13.4 million, resulting in a total purchase consideration of $96.2 million.
2:40
SA fintech Peach Payments acquires software firm Operativa
The acquisition is the first since its 2023 fundraising round with Apis Growth Fund II, which it intends to use to drive its expansion into new African markets.
2:00
Lesaka buys payment platform Adumo for $85m
The purchase price will be paid in the form of shares of Lesaka common stock and $12.5 million in cash.
2:10
Peach Payments, Nedbank target ecommerce sites with new offering
Nedbank Direct EFT enables online shoppers to make secure payments straight from their Nedbank bank account without having to input their card details.
2:10
SA fintech Peach Payments scores $31m funding
Completion of the investment is subject to the approval of the Competition Commission of South Africa and other conditions.