Purple Group buys AI fintech Telescope in R177-million deal

Purple Group buys AI fintech Telescope in R177-million deal

Purple Group, the JSE-listed owner of EasyEquities, is acquiring Telescope AI, the Australian start-up whose technology already powers the investment platform’s AI Baskets feature, in a deal worth up to US$10.75-million (R177-million). Purple Group and EasyEquities operator First World Trader will each acquire 50% of Telescope AI from the Pettett Family Trust and three key…

Read More
Lesaka pushes out Bank Zero deal deadline

Lesaka pushes out Bank Zero deal deadline

Lesaka Technologies has extended the long-stop date for its R1.1-billion acquisition of Bank Zero by nearly six months, to 31 January 2027, as the dual-listed fintech waits on the last of the regulatory consents needed to close the transaction. In a filing, Lesaka said it agreed with the sellers on 11 June to move the…

Read More