A zero-fee digital bank co-founded by former First National Bank executives, offering a fully app-based banking experience.
South African Fintech Lesaka Acquires Bank Zero for $61.4M
Lesaka Technologies agrees to acquire Bank Zero for ZAR 1.091 billion ($61.4 million). The acquisition will be funded through ~12% of Lesaka's fully diluted shares and up to ZAR 91 million ($5.1 million) in cash.
South African Fintech Lesaka Acquires Bank Zero for $61.4M
Lesaka Technologies agrees to acquire Bank Zero for ZAR 1.091 billion ($61.4 million). The acquisition will be funded through ~12% of Lesaka's fully diluted shares and up to ZAR 91 million ($5.1 million) in cash.
South Africa’s Bank Zero shareholders to pocket $5m and 12% stake in Lesaka acquisition
Bank Zero shareholders will receive a 12% stake in Lesaka Technologies worth R1 billion. Lesaka Technologies is set to fully acquire Bank Zero in a deal valued at R1.1 billion.
TymeBank gets $9.5M investment amid 59% deposit growth and improved merchant credit
TymeBank secured R169 million investment from African Rainbow Capital. Deposits grew by 59% to R6.5 billion.
CNBC Recognizes Flutterwave, Kuda, and Piggyvest Among Top 250 Fintech Innovators
Seven African fintech companies, including Flutterwave, Piggyvest, Kuda, MTN, Bank Zero, Palmpay, and Yoco, were included in the 2024 list of the top 250 fintech companies. The selection process considered metrics such as revenues, sales growth rate, and total headcount.
