Lesaka Technologies acquires Bank Zero for $61.4m

Lesaka Technologies saw its share price jump by 17.1% on Friday morning after announcing a landmark agreement to acquire 100% of South African digital bank, Bank Zero Mutual Bank, in a deal valued at R1.091 billion. The R1.1 billion ($61.4 million) acquisition—pending regulatory approval—signals a pivotal evolution for Lesaka, transitioning the company from a fintech … Continue reading Lesaka Technologies acquires Bank Zero for $61.4m