Lesaka’s R1.67bn acquisition of Adumo reshapes fintech landscape in SA

By Edward West | Published Oct 3, 2024

‘The Adumo transaction…significantly enhances our technology platform, adding customers, solutions, and meaningful scale. Lesaka's full-service fintech platform will serve 1. 7 million active consumers, 120 000 merchants, and process over R270bn in throughput per year in our connected ecosystem as we facilitate the digitization of commerce in our markets,’ Lincoln Mall, Lesaka Southern Africa CEO, said in a statement.