Lesaka - eriinfo

Lesaka Technologies to acquire Bank Zero for R1.1bn

eriinfo.com3 days ago07 mins

Bank Zero will join forces with fintech group Lesaka Technologies. Fintech group Lesaka Technologies will acquire 100% of the issued ordinary shares of Bank Zero, subject to regulatory approvals. Formerly known as Net1 UEPS Technologies, Lesaka is listed on the Johannesburg Stock Exchange and the Nasdaq. Based on a zero-fee banking model, Bank Zero launched…

Lesaka Technologies to buy Bank Zero in R1.1-billion deal

eriinfo.com4 days ago06 mins

Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion. Jordaan announced the acquisition in a post on social media late on Thursday evening. “So Lesaka Technologies Inc bought @BankZeroSA for R1.1-billion. Lot of regulatory approvals still needed, but both teams are excited about the merger synergies,”…