Lesaka Technologies, Inc.
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- Lesaka Technologies, Inc. Lesaka Technologies, Inc. (NASDAQ: LSAK) provides financial technology solutions focused on financial inclusion for underserved consumers, micro-merchants, SMBs, and enterprise clients in Southern Africa; the company offers transactional banking accounts, short-term lending, insurance products, cash management, card acquiring and acceptance, supplier and bill payments, software services including GAAP hospitality platforms and Kazang Insights, alternative digital payments encompassing prepaid solutions, point-of-sale devices, SIM cards, and value-added services such as payment processing and digitization tools. Founded in 1997 and headquartered in Johannesburg, South Africa, Lesaka operates primarily through its Consumer, Merchant, and Enterprise divisions, serving formal and informal markets across South Africa and neighboring regions with a full-service fintech platform that facilitates the shift from cash to digital commerce. In recent developments, Lesaka agreed in June 2025 to acquire Bank Zero for approximately R1.1 billion ($62 million) in a share-based transaction, integrating the neobank's digital banking infrastructure and license to enhance its vertically integrated platform and expand neobanking capabilities for consumers and merchants. The company previously rebranded from Net 1 UEPS Technologies, Inc. in May 2022, incorporated Adumo's merchant acquiring business to bolster its offerings, and continues to leverage brands like Connect, Kazang, and EasyPay payouts for payouts and disbursements.
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