# Lesaka Acquires South African Fintech Firm Adumo for $85.9 Million - Tech In

**URL:** <https://minxmafia.discourse.group/t/lesaka-acquires-south-african-fintech-firm-adumo-for-85-9-million-tech-in/788>\
**Category:** News\
**Created:** [May 31, 2024, 1:05am UTC](https://minxmafia.discourse.group/t/lesaka-acquires-south-african-fintech-firm-adumo-for-85-9-million-tech-in/788 "2024-05-31T01:05:57Z")\
**Posts on this page:** 1\
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**Author:** ![minx](https://yyz2.discourse-cdn.com/free1/user_avatar/minxmafia.discourse.group/minx/32/2694_2.png) [@minx](https://minxmafia.discourse.group/u/minx)\
**Post date:** [May 31, 2024, 1:05am UTC](https://minxmafia.discourse.group/t/lesaka-acquires-south-african-fintech-firm-adumo-for-85-9-million-tech-in/788/1 "2024-05-31T01:05:57Z")

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> **[Lesaka Acquires South African Fintech Firm Adumo for $85.9 Million - Tech In...](https://www.techinafrica.com/lesaka-acquires-south-african-fintech-firm-adumo-for-85-9-million/)**
>
> Adumo, a prominent South African fintech company, has been acquired by Lesaka for ZAR1.59 billion (US$85.9 million), pending shareholder and regulatory approvals.

> 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](https://switchpay.co.za/), [WireCard](https://login.mypaymentvault.com/login/), GAAP, SureSwipe, [iKhokha](https://www.ikhokha.com/), and various other smaller payment startups.

Ohhhh…

 ![image](https://global.discourse-cdn.com/free1/uploads/minxmafia/original/2X/6/647a9cba7eb1b301b96f3f160a38b1446540592b.jpeg)

Okay…so the world bank.