Kazang and TymeBank partner to bring easy cash withdrawals to the informal market
Kazang partners with TymeBank to improve cash withdrawal access in underserved areas. TymeBank customers can withdraw cash from spaza shops using Kazang Pay terminals.
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.
