A leading independent payment processor in South Africa, providing payment solutions through a network of terminals across various retail sectors.
South African fintechs unite to simplify in-store instalment payments
Float and Adumo have announced a strategic partnership to simplify in-store installment payments. The collaboration expands Float’s Buy Now, Pay Later (BNPL) solutions to physical stores.
South African fintech Lesaka completes Adumo’s acquisition for $96 million
Lesaka acquires Adumo for R1.67 billion ($96 million). The acquisition involves issuing approximately 17 million shares and a cash payment of R232.2 million ($13 million).
Breaking: Lesaka completes acquisition of Adumo for $96 million
Lesaka Technologies completed the acquisition of Adumo for $96 million. The acquisition includes $13 million in cash and a stock component.
NASDAQ-listed Lesaka will finalise $85 million Adumo acquisition in October
Lesaka Technologies to finalize $85 million acquisition of Adumo in October 2024. Acquisition approved by shareholders and South Africa’s Competition Commission.
South Africa’s Top 5 FinTech Startups and Their Funding
TymeBank is a digital bank that allows users to open accounts online and earn reward points on payments. Yoco provides payment processing solutions for businesses and merchants, including card machines and payment gateways.
