IFC funds trim Lesaka stake in 13D amendment

Rhea-AI Filing Summary

International Finance Corporation and affiliated funds updated their ownership in Lesaka Technologies through an Amendment No. 5 to Schedule 13D. IFC reports beneficial ownership of 3,271,862 common shares, or 3.82% of the company, and IFC Financial Institutions Growth Fund reports 3,302,551 shares, or 3.85%.

IFC African, Latin American and Caribbean Fund reports beneficial ownership of 1,856,263 shares, or 2.17%. These percentages are based on 85,736,223 Lesaka shares outstanding as of May 4, 2026. ALAC disposed of 671,112 shares in market sales between March 18 and June 17, 2026 for an aggregate of $3,307,215, at weighted average prices generally around $4.7–$5.4 per share.

Key Figures

IFC beneficial ownership: 3,271,862 shares (3.82%) FIG Fund ownership: 3,302,551 shares (3.85%) ALAC ownership: 1,856,263 shares (2.17%) +5 more

8 metrics

IFC beneficial ownership 3,271,862 shares (3.82%) Common stock beneficially owned by IFC

FIG Fund ownership 3,302,551 shares (3.85%) Common stock beneficially owned by IFC Financial Institutions Growth Fund

ALAC ownership 1,856,263 shares (2.17%) Common stock beneficially owned by IFC African, Latin American and Caribbean Fund

Shares outstanding 85,736,223 shares Lesaka shares outstanding as of May 4, 2026

ALAC shares sold 671,112 shares Disposed between March 18 and June 17, 2026

Aggregate sale proceeds $3,307,215 Net of brokerage commissions for ALAC’s sales

Highest weighted average sale price $5.3782 per share ALAC sale on March 18, 2026

Lowest weighted average sale price $4.6636 per share ALAC sale on June 17, 2026

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13D, +2 more

6 terms

beneficially owned financial

"The aggregate amount beneficially owned by each reporting person 3,271,862.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 3,271,862.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"9 | Sole Dispositive Power 3,271,862.00 10 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

weighted average price financial

"On March 18, 2026, ALAC sold 4,819 shares of Common Stock at a weighted average price of $5.3782 per share."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

brokerage commissions financial

"for an aggregate price of $3,307,215, net of brokerage commissions, as follows:"

Brokerage commissions are fees charged by a broker for executing buy or sell orders of stocks, bonds, or other securities on an investor’s behalf. Think of them as a service or ticket fee paid each time you use a broker to make a trade; they reduce your net returns and can influence how often you trade, so investors weigh their size and structure when deciding where and how actively to invest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Lesaka (LSAK) shares does International Finance Corporation now beneficially own?

International Finance Corporation reports beneficial ownership of 3,271,862 Lesaka common shares. This represents 3.82% of the company’s outstanding common stock, based on 85,736,223 shares outstanding as of May 4, 2026, as disclosed in Lesaka’s Form 10-Q.

What stake in Lesaka (LSAK) is held by IFC Financial Institutions Growth Fund?

IFC Financial Institutions Growth Fund, LP reports beneficial ownership of 3,302,551 Lesaka common shares. This position represents 3.85% of the outstanding common stock, calculated using 85,736,223 shares outstanding as of May 4, 2026, according to Lesaka’s quarterly report.

How many Lesaka (LSAK) shares does IFC African, Latin American and Caribbean Fund hold?

IFC African, Latin American and Caribbean Fund LP reports beneficial ownership of 1,856,263 Lesaka common shares. This holding equals 2.17% of Lesaka’s outstanding common stock, based on 85,736,223 shares outstanding as of May 4, 2026, as referenced in the filing.

What volume of Lesaka (LSAK) shares did ALAC sell in 2026?

ALAC disposed of 671,112 Lesaka common shares through market sales. These transactions occurred between March 18 and June 17, 2026, for an aggregate price of $3,307,215 net of brokerage commissions, as detailed in the Schedule 13D amendment’s Item 5(c).

Over what price range were ALAC’s Lesaka (LSAK) share sales executed?

ALAC’s sales were executed at weighted average prices generally between about $4.66 and $5.44 per share. Individual trades were completed in multiple transactions with specific daily ranges, such as $5.31–$5.44 on March 18, 2026, and $4.65–$4.69 on June 17, 2026.

On what share count is the Lesaka (LSAK) ownership percentage based?

The reported ownership percentages use 85,736,223 Lesaka common shares outstanding. This share count reflects Lesaka’s outstanding common stock as of May 4, 2026, as reported in the company’s Form 10-Q for the quarter ended March 31, 2026, referenced in Item 5(a).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/17/2026 - 09:47 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

LESAKA Technologies

(Name of Issuer)

Common stock, par value $0.001 per share

(Title of Class of Securities)

64107N206

(CUSIP Number)

Mr. Farid Fezoua
2121 Pennsylvania Avenue,
Washington, DC, 20433
(202) 522-3743

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/15/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 64107N206

1

Name of reporting person

International Finance Corporation ("IFC")

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,271,862.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,271,862.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,271,862.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.82 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

IFC is an international organization established by Articles of Agreement among its member countries, including the United States, and as such, enjoys certain immunities, privileges and exemptions, including the freedom of all of its property and assets from restrictions, regulations, controls and moratoria of any nature. The voluntary provision by IFC of the following information does not in any way constitute or imply a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions, or applicable law.

SCHEDULE 13D

CUSIP Number(s): 64107N206

1

Name of reporting person

IFC African, Latin American and Caribbean Fund LP ("ALAC")

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,856,263.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,856,263.00

11

Aggregate amount beneficially owned by each reporting person

1,856,263.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.17 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 64107N206

1

Name of reporting person

IFC African, Latin American and Caribbean Fund (GP) LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,856,263.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,856,263.00

11

Aggregate amount beneficially owned by each reporting person

1,856,263.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.17 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 64107N206

1

Name of reporting person

IFC Financial Institutions Growth Fund, LP ("FIG")

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,302,551.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,302,551.00

11

Aggregate amount beneficially owned by each reporting person

3,302,551.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.85 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 64107N206

1

Name of reporting person

IFC FIG Fund (GP), LLP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,302,551.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,302,551.00

11

Aggregate amount beneficially owned by each reporting person

3,302,551.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.85 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common stock, par value $0.001 per share
(b)	Name of Issuer: LESAKA Technologies
(c)	Address of Issuer's Principal Executive Offices: President Place, 4th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, SOUTH AFRICA , 00000.
Item 1 Comment: This Amendment No. 5 to Schedule 13D (the "Amendment") is being filed with respect to the Reporting Persons' beneficial ownership in Lesaka Technologies, Inc. (f/k/a Net 1 UEPS Technologies, Inc.) (the "Issuer"). This amendment supplements the Schedule 13D as previously filed on June 1, 2016, as amended by Amendment No. 4 filed March 17, 2026, Amendment No. 3 filed December 4, 2024, Amendment No. 2 filed August 19, 2022 and Amendment No. 1 filed on May 29, 2020 (as amended, the "Schedule 13D"). Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment shall have the same meaning herein as are ascribed to such terms in Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and supplemented as follows: We incorporate by reference Item 5(c) below.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follow: The aggregate percentage of Common Stock reported to be beneficially owned by the Reporting Persons is based upon 85,736,223 shares outstanding as of May 4, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
(c)	Item 5(c) is hereby amended as follows: ALAC, a United Kingdom limited partnership, of which IFC African, Latin American and Caribbean Fund (GP) LLC, a Delaware limited liability company, serves as general partner, disposed of 671,112 shares of Common Stock through a series of market sales between March 18, 2026 and June 17, 2026 for an aggregate price of $3,307,215, net of brokerage commissions, as follows: On March 18, 2026, ALAC sold 4,819 shares of Common Stock at a weighted average price of $5.3782 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $5.31 to $5.44. On March 19, 2026, ALAC sold 34,607 shares of Common Stock at a weighted average price of $5.0584 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $5.00 to $5.32. On March 23, 2026, ALAC sold 2,162 shares of Common Stock at a weighted average price of $5.0348 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $5.00 to $5.15. On March 24, 2026, ALAC sold 16,179 shares of Common Stock at a weighted average price of $5.0218 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $5.00 to $5.11. On March 25, 2026, ALAC sold 11,104 shares of Common Stock at a weighted average price of $5.0404 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $5.00 to $5.11. On March 26, 2026, ALAC sold 2,468 shares of Common Stock at a weighted average price of $4.9508 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $5.15. On March 27, 2026, ALAC sold 31,504 shares of Common Stock at a weighted average price of $4.91 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.95. On March 30, 2026, ALAC sold 6,467 shares of Common Stock at a weighted average price of $4.9166 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.95. On March 31, 2026, ALAC sold 32,807 shares of Common Stock at a weighted average price of $5.0185 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $5.08. On April 1, 2026, ALAC sold 18,663 shares of Common Stock at a weighted average price of $4.9725 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.91 to $5.00. On April 2, 2026, ALAC sold 9,928 shares of Common Stock at a weighted average price of $4.9945 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $5.02. On April 6, 2026, ALAC sold 34,219 shares of Common Stock at a weighted average price of $4.9514 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.92 to $5.02. On April 7, 2026, ALAC sold 47,954 shares of Common Stock at a weighted average price of $4.9137 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.97. On April 8, 2026, ALAC sold 19,311 shares of Common Stock at a weighted average price of $4.9278 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $5.015. On April 9, 2026, ALAC sold 9,878 shares of Common Stock at a weighted average price of $4.9527 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.92 to $5.03. On April 10, 2026, ALAC sold 57,894 shares of Common Stock at a weighted average price of $4.9828 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.93 to $5.00. On April 13, 2026, ALAC sold 52,230 shares of Common Stock at a weighted average price of $4.9203 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $5.01. On April 14, 2026, ALAC sold 106,948 shares of Common Stock at a weighted average price of $4.9004 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.91. On April 15, 2026, ALAC sold 19,488 shares of Common Stock at a weighted average price of $4.9023 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.93. On April 16, 2026, ALAC sold 66,437 shares of Common Stock at a weighted average price of $4.9001 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.90 to $4.94. On June 8, 2026, ALAC sold 17,033 shares of Common Stock at a weighted average price of $4.8854 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.85 to $4.93. On June 9, 2026, ALAC sold 18,557 shares of Common Stock at a weighted average price of $4.8997 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.85 to $4.99. On June 10, 2026, ALAC sold 1,061 shares of Common Stock at a weighted average price of $4.8537 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.85 to $4.86. On June 11, 2026, ALAC sold 7,625 shares of Common Stock at a weighted average price of $4.7449 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.70 to $4.80. On June 12, 2026, ALAC sold 6,880 shares of Common Stock at a weighted average price of $4.7220 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.70 to $4.80. On June 15, 2026, ALAC sold 30,331 shares of Common Stock at a weighted average price of $4.7238 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.70 to $4.7750. On June 16, 2026, ALAC sold 3,358 shares of Common Stock at a weighted average price of $4.7059 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.70 to $4.72. On June 17, 2026, ALAC sold 1,200 shares of Common Stock at a weighted average price of $4.6636 per share. Such shares of Common Stock were sold in multiple transactions at prices ranging from $4.65 to $4.69. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

International Finance Corporation ("IFC")

Signature:	/s/ Mohamed Omer Eissa
Name/Title:	Mohamed Omer Eissa / Portfolia Manager
Date:	06/17/2026

IFC African, Latin American and Caribbean Fund LP ("ALAC")

Signature:	/s/ Selena Baxa
Name/Title:	Selena Baxa / Fund Head
Date:	06/17/2026

IFC African, Latin American and Caribbean Fund (GP) LLC

Signature:	/s/ Selena Baxa
Name/Title:	Selena Baxa / Fund Head
Date:	06/17/2026

IFC Financial Institutions Growth Fund, LP ("FIG")

Signature:	/s/ Jun Nitta
Name/Title:	Jun Nitta / Fund Head
Date:	06/17/2026

IFC FIG Fund (GP), LLP

Signature:	/s/ Jun Nitta
Name/Title:	Jun Nitta / Fund Head
Date:	06/17/2026

Comments accompanying signature:

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.