Co-founder of Bank Zero and its chairman, previously an executive at First National Bank.
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.
