Pepkor builds R21-billion fintech giant – and plans to list it
- Pepkor is merging its Flash business with Shop2Shop to create a fintech platform valued at R21.3-billion.
- The new entity, 'FintechCo', will have a 57.1% controlling stake from Pepkor and aims to process over R200-billion annually.
- Flash's revenue was R11.2-billion with an EBITDA of R900-million, while Shop2Shop has been growing at a rate of 28% per year.
IT News Africa - Jul 22, 2026
Pepkor Strengthens Informal Economy Strategy with R21.3 Billion Fintech Deal
Pepkor Holdings has announced the merger of its fintech subsidiary Flash with Shop2Shop, creating a
The merger between Pepkor's Flash and Shop2Shop represents a significant advancement in the fintech landscape of South Africa, particularly in addressing the needs of the informal economy. This strategic move not only enhances Pepkor's market position but also reflects a growing trend of traditional retail companies diversifying into financial services. It will be interesting to observe how this merger impacts competition in the fintech space, especially against established players like Lesaka Technologies.
