South African Fintech Company Adumo Acquired By Lesaka In USD 85.9 M Deal
- South African fintech company Adumo has been acquired by counterpart Lesaka in a deal worth USD 85.9 million.
- The acquisition price will be settled through the combination of stock issuance and cash.
- Adumo is one of South Africa's largest independent payments processors, serving around 23,000 active merchants.
The acquisition of Adumo by Lesaka is a positive development for both companies. It allows Lesaka to expand its financial services solutions and strengthens Adumo's position as a leading payments processor in South Africa. This acquisition has the potential to create synergies and drive further growth in the fintech industry.
