Announced

Lesaka to acquire Bank Zero for $62m.

Synopsis

Lesaka, a fintech firm, agreed to acquire Bank Zero, a digital-only institution Bank, for $62m. “This transaction reflects a strategic partnership underpinned by long-term alignment, which will result in the continued involvement of all Bank Zero founders and management. Our belief in the combined platform’s future is clear and we see strong symmetry in our vision," Michael Jordaan, Bank Zero Chairman.

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