Boasting over 23,000 active merchants, Adumo is South Africa’s largest independent payments processor. It supports merchants with services such as card acquisition, integrated payments, and reconciliation. Since receiving a US$15 million investment from the IFC in 2021, Adumo has been on an acquisition spree, purchasing SwitchPay, WireCard, GAAP, SureSwipe, iKhokha, and various other smaller payment startups.
Ohhhh…
Okay…so the world bank.