Net1 completed the acquisition of Connect Group for $288m.

Net1, a financial technology company, completed the acquisition of Connect Group, a provider of financial technology solutions, for $288m. “We welcome this landmark acquisition, which officially kickstarts our transformational journey of building a unique fintech platform, that will offer payment processing and financial services to both consumers and merchants, across the formal and informal sector. This ground-breaking deal strongly supports our shared mission to serve a burgeoning informal sector by providing financial inclusion, while simultaneously positioning the Company to benefit from secular tailwinds and multiple growth opportunities. Now that the acquisition is completed, we are looking forward to integrating the two companies and unlocking value for all our stakeholders,” Chris Meyer, Net1 CEO.