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Lesaka Technologies, Inc. reports developments tied to its South African fintech platform for Southern Africa's underserviced consumers and merchants. The company provides transactional accounts, lending, insurance, merchant acquiring, cash management, software and Alternative Digital Products, with targeted payment integrations across consumers, merchants and enterprises.
Recurring news includes quarterly and annual financial results, webcast and conference-call notices, capital-structure disclosures and operating updates across the Merchant, Consumer and Enterprise activities. Company updates also reflect its primary NASDAQ listing under LSAK and secondary Johannesburg Stock Exchange listing under LSK.
Lesaka Technologies, Inc. has agreed to acquire Adumo RF (Pty) for ZAR 1.59 billion ($85.9 million). The deal includes shares of Lesaka common stock and cash, funded internally and externally. Adumo's operations cover card acquiring, integrated payments, and corporate card services, with over 23,000 active merchants and processing ZAR 24 billion ($1.3 billion) annually. The acquisition will expand Lesaka's reach to 1.7 million consumers, 119,000 merchants, and process over ZAR 250 billion in throughput per year across Southern Africa, solidifying its position as a leading fintech platform in the region.
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