Alon Stern and James Hedley, co-founders of TurnStay. Three years after launching with two people and an idea, South African fintech firm TurnStay has grown into a cross-border payments platform processing more than R1 billion in travel payments in the first six months of 2026. The milestone marks a significant acceleration for the company, which…
Araxi CEO Bradley Sacks. JSE-listed payment solutions provider Araxi will acquire B2B payment solutions company Pay@ in a R1 billion deal, to be settled in cash. The consideration comprises R200 million from the Araxi Group’s existing cash reserves and R800 million in senior debt already committed. Forty percent of the shares of Pay@ are currently owned…
Lincoln Mali, CEO of Lesaka Southern Africa. JSE-listed fintech group Lesaka Technologies disbursed loans amounting to over R1 billion to its customers, the majority of whom are South African Social Security Agency (SASSA) grant beneficiaries. This is according to Lincoln Mali, CEO of Lesaka Southern Africa, speaking today in an interview with ITWeb after the…
