Lesaka Technologies (Lesaka) is a fintech company that utilizes proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. Lesaka provides merchant and consumer markets with affordable financial services to underserved sectors of the economy. The company offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to formal and informal retail merchants and banking, lending and insurance solutions to consumers. Lesaka is headquartered in Johannesburg, Gauteng, South Africa.
Headquarters
South Africa
Address
4th Floor, President Place, Cnr. Jan Smuts & Bolton, Johannesburg, Gauteng, 2196
Website
lesakatech.com
Telephone
27 11 3432000
No of Employees
2,303
Industry
Financial Services
Ticker Symbol & Exchange
LSAK (NASD)
Revenue (2022)
$528.0M
137.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
20.1%
(2022 vs 2021)
Market Cap*
$266.2M
Net Profit Margin (2022)
XYZ
66.3%
(2022 vs 2021)
* As of and is in US$
Lesaka Technologies Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Universal Electronic Payment System (UEPS) Technology | Payment Transaction Services |
| Healthcare Transaction Management Services | |
| Mobile Virtual Card Solutions | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company signed an agreement to acquire Touchsides, a data analytics and merchant services company. |
| 2022 | Corporate Changes/Expansions | Net1 has changed its name to Lesaka Technologies |
| 2021 | Acquisitions/Mergers/Takeovers | In November, the company acquired Cash Connect Management Solutions (Proprietary) Ltd, a business services company for ZAR 4.8 billion. |
Competitor Comparison
| Key Parameters | Lesaka Technologies Inc | Visa Inc | Altron Ltd | ARB Holdings Limited | MiX Telematics Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | United States of America | South Africa | South Africa | South Africa |
| City | Johannesburg | San Francisco | Johannesburg | Durban | Johannesburg |
| State/Province | Gauteng | California | - | - | - |
| No. of Employees | 2,303 | 28,800 | 5,009 | 886 | 1,124 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kuben Pillay | Director; Chairman | Executive Board | 2021 | 63 |
| Naeem E. Kola | Chief Financial Officer; Director; Secretary | Executive Board | 2022 | 50 |
| Lincoln Mali | Chief Executive Officer - Southern Africa; Director | Executive Board | 2021 | 55 |
| Steven Heilbron | Chief Executive Officer - Connect Group; Director | Executive Board | 2022 | 58 |
| Monde Nkosi | Director | Non Executive Board | 2020 | 33 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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