Lesaka Technologies, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Herman Kotze
- Full Time Employees
- 3,079
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- 1540 GLENWAY DR Johannesburg South Africa 2196
- IPO Date
- Aug 3, 2005
- CIK
- 0001041514
- Website
- net1.com
- Similar Companies
- Business
- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) operates as a South African financial technology company focused on financial inclusion for underserved consumers, micro-merchants, small- and medium-sized businesses, and enterprise clients in Southern Africa; the company, founded in 1997 and headquartered in Johannesburg, South Africa, delivers an integrated multi-product platform encompassing transactional banking accounts, lending, insurance, payouts, merchant acquiring, cash management, software solutions, alternative digital payments (including prepaid airtime, data, electricity, bill payments, gaming vouchers, lotto, and supplier payments), card processing, POS devices, secure cash vaults, data analytics (via Kazang Insights, formerly Touchsides), and value-added services such as rewards programs (Kazang Rewards), overdraft facilities (Kazang Advance), and growth capital (Capital Connect). Its merchant division, combining brands like Kazang, adumo, GAAP (hospitality POS), Cash Connect, Card Connect, Humble POS, EasyPay MoneyMarket, and Kazang Pay/Superwallet, targets formal and informal merchants with card acceptance, cashless payments, and international operations in Namibia, Botswana, and Zambia; the consumer division, primarily under EasyPay Everywhere, serves social grant recipients and underbanked individuals with financial services; while the enterprise division provides payment processing, supplier payments, and software to larger clients. Recent developments include the October 2024 acquisition of Adumo, South Africa's largest independent payments processor, enhancing merchant acquiring scale and technology stack; the February 2024 purchase of Touchsides (rebranded Kazang Insights) from Heineken SA for SaaS analytics; the March 2025 completion of Recharger acquisition, adding over 460,000 prepaid electricity meters; and a pending R1.1 billion ($62 million) acquisition of Bank Zero digital bank (announced 2025, awaiting regulatory approval), which brings 40,000+ funded accounts, ZAR 400 million deposits, and a zero-fee model to vertically integrate banking, reduce third-party reliance, and cut costs by transferring credit books. Formerly Net 1 UEPS Technologies, Inc., the company rebranded to Lesaka in May 2022, employs about 2,531 people, and reports strong growth with Q1 FY2026 net revenue up 45% to R1.5 billion and adjusted EBITDA up 61% to R270.6 million, reaffirming FY2026 guidance of R6.4-R6.9 billion net revenue and positive net income.
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