South African fintech company Lesaka Technologies, Inc. has announced a definitive agreement to acquire Adumo RF (Pty) Ltd for approximately ZAR 1.59 billion ($85.9 million). The deal, which hinges on shareholder and regulatory approvals, is expected to close in the third quarter of 2024. Under… Read More
Read more in: Fintech, Global | Tagged adumo, Lesaka Technologies, south africa
South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More
Read more in: Fintech, General News | Tagged adumo, africa, cashless, cashless society, cashless transactions, digital payments, digital transactions, financial inclusion, financially underserved, mena, mena region, middle east, payments, south africa, Unbanked, underbanked, virtual payments
The break up of the once high-flying Fintech Wirecard continues as the insolvency administrator has announced that Wirecard Solutions South Africa has been acquired by Adumo RF Pty Ltd, subject to approval by the local regulatory authorities. Today’s announcement follows similar announcements of the various… Read More
Read more in: Fintech, Global | Tagged adumo, bankruptcy, fraud, germany, michael jaffe, south africa, wirecard
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