A fintech company transitioning to a fully licensed digital bank through the acquisition of Bank Zero.
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.
Kazang enables card payments for DStv subscriptions
Kazang has launched the ability for consumers to pay DStv subscriptions using debit or credit cards at Kazang Pay merchants. Kazang Pay allows micro merchants to sell prepaid products and accept card payments from a single POS device.
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.
