
Lesaka Acquires Bank Zero in $62M Deal to Bolster SA FinTech Ambitions
Hey FinTech Fanatics!
South African FinTech firm Lesaka Technologies is making a bold move to solidify its digital banking footprint with the R1.1 billion (~$62M) acquisition of Bank Zero, a digital-only mutual bank.
The all-equity-and-cash deal, still subject to regulatory approvals, will see Lesaka acquire 100% of Bank Zero’