Lesaka Technologies Revenue and Competitors

Lesaka is a South African financial technology company. We deliver financial services to consumers (B2C) and merchants (B2B) in Southern Africa through our proprietary banking and payment technologies. We offer banking, lending and insurance products to consumers and cash management solutions, bill payment technologies, value-added services, business funding and card acquiring solutions to formal and informal retail merchants. We started our journey as Net1 in 1997 and we acquired the Connect Group in 2022. As Lesaka, we continue to grow our systems and capabilities to deliver meaningful fintech-enabled solutions across the consumer and merchant segments. Led by a new leadership team with strong credentials and international experience, and following a comprehensive strategic review, we have entered a new era for the group with a new name: Lesaka. Lesaka, much like the kraal it is named after (“Lesaka” means “kraal” in seSotho and seTswana), is about building and protecting the financial wellbeing of the customer and merchant communities we serve. We do this by championing financial inclusion for consumers and merchants through providing superior solutions, opening new possibilities for underserved markets. As Lesaka, we have been entrusted with a mission to build and protect the financial wellbeing of our communities. Our deeply felt awareness of this responsibility drives our choices and actions, as we fight for the financial inclusion of all South Africans.