Lesaka Technologies, Inc.

Lesaka Technologies, Inc. provides financial technology solutions to underserviced consumers, merchants, and enterprises, aiming to improve their daily financial activities and increase financial inclusion. The company helps customers pay, receive, borrow, insure, and grow by enabling them to make and accept payments, receive income like wages and welfare grants, access credit, protect assets through insurance, and grow businesses. Lesaka operates through three business divisions: 1. **Merchant:** Offers payment acceptance, software, cash management, lending, and alternative digital product solutions to merchants via two channels: Community and Corporate. 2. **Consumer:** Provides banking, lending, and insurance solutions primarily to recipients of social welfare grants in South Africa. 3. **Enterprise:** Delivers payment processing, prepaid solutions, and bill payment infrastructure, connecting enterprises to consumers and businesses. These divisions form a single ecosystem where customers can engage and transact. For instance, an enterprise biller on Lesaka's network can collect payment from a consumer who pays a bill at a merchant using cash withdrawn with a debit card linked to a transactional account provided by Lesaka. The merchant then digitizes the cash using a cloud-connected cash vault. As of June 30, 2026, Lesaka served approximately 132,000 active merchants and approximately 2.1 million active consumers. Its Enterprise division connected a network of more than 650 billers and over 50 corporate clients across South Africa. The company has approximately 3,900 employees operating in five countries: South Africa (its primary market), Namibia, Botswana, Zambia, and Kenya, as of June 30, 2026.