A fintech company providing merchant acquiring and payment solutions, focusing on the informal market.
Pepkor builds R21-billion fintech giant – and plans to list it
Pepkor is merging its Flash business with Shop2Shop to create a fintech platform valued at R21.3-billion. The new entity, 'FintechCo', will have a 57.1% controlling stake from Pepkor and aims to process over R200-billion annually.
Pepkor Strengthens Informal Economy Strategy with R21.3 Billion Fintech Deal
Pepkor Holdings is merging its fintech subsidiary Flash with Shop2Shop to form FintechCo. The merger is valued at approximately R21.3 billion and will allow Pepkor to hold a 57.1% stake.
