Lesaka and Bank Zero Merge Ambitions in Landmark Transaction

Lesaka acquires Bank Zero in R1.09bn deal, shares jump

Lesaka acquires Bank Zero in a R1.09bn deal to expand its fintech services, enhance digital banking, and reduce debt through customer deposits.

Lesaka’s shares jump on deal to acquire Bank Zero for R1.1bn

The deal will be concluded by way of new shares and cash

South Africa’s Bank Zero, Lesaka to Combine in $61 Million Deal

South African digital lender Bank Zero Mutual Bank, founded by the former chief of one of the country’s top lenders, is combining with a unit of fintech firm Lesaka Technologies Inc. in a 1.91 billion-rand ($61 million) deal.

Lesaka and Bank Zero Merge Ambitions in Landmark Transaction

Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) and Bank Zero Merge Ambitions in Landmark Transaction...

Lesaka Technologies, Inc announced it has entered into an agreement to acquire Bank Zero

Lesaka Technologies, Inc announced that its wholly-owned subsidiary, Lesaka Technologies Proprietary Limited, has entered into an agreement to acquire (directly and indirectly) 100% of the issued ordinary shares of Bank Zero Mutual Bank (“Bank Zero”). The acquisition consideration will be settled through a combination of newly issued shares – such that the shareholders of Bank Zero will own approximately 12% of Lesaka’s fully diluted shares at t…

Finovate Global Africa: Investments, Acquisitions, And Partnerships - Data Intelligence

This week’s edition of Finovate Global looks at recent fintech headlines from Nigeria and South Africa. BAS Group acquired a majority stake in Nigeria’s Zuvy Nigeria-based diversified financial services group BAS Group announced this week that it has acquired a minority stake in Zuvy, a local fintech that specializes in invoice financing. The move gives BAS Group more than 50% of the company, a stake that analysts estimate could be valued betwee…