Company Profile
Lesaka Technologies provides financial technology (fintech) products and services through its platform in South Africa and globally. It operates in three segments: Merchant, Consumer, and Enterprise.
The company offers merchant solutions comprising merchant acquiring, integrated POS software and hardware for the hospitality industry, cash management and digitalization, and small cash advances and business credit solutions
Alternative digital products (ADP), including bill payments, international money transfers, and supplier enabled payments, as well as prepaid solutions for airtime, data, electricity, and gaming Low-cost EasyPay Everywhere transactional bank accounts, short-term personal loans, life and funeral insurance, and secure payout solutions.
Its portfolio also includes Adumo, a payments and commerce enablement platform that provides payment processing and integrated software solutions, and Recharger, a prepaid electricity platform that provides submetering administration and payment processing solutions.
Additionally, it offers card acquiring, payment gateway, cash management, payment, digital wallet, and various value-added services, as well as the sale of POS devices, SIM cards, and consumables the licensing of rights to use certain technology developed by the company.
The company serves unbanked and underbanked consumers. Its portfolio also includes small-to-medium and micro merchants, and corporate and government organizations, including banks, mobile network operators, and municipalities. Founded in 1989 and headquartered in Johannesburg, South Africa, Lesaka Technologies was formerly known as Net 1 UEPS Technologies, Inc. before rebranding in May 2022.