Lesaka to Expand its Merchant Division's Footprint in South Africa's Informal Market with the Acquisition of Touchsides (Pty) Ltd from Heineken International B.V. [Yahoo! Finance]
Lesaka Technologies, Inc. (LSAK)
Company Research
Source: Yahoo! Finance
a definitive agreement to acquire 100% of Touchsides (Pty) Ltd (“Touchsides”), a leading data analytics and, insights and merchant services company, from Heineken International B.V. The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to significantly expand Kazang's footprint in the tavern industry in South Africa's informal market. Touchsides has an active base of over 10,000 POS terminals across South Africa's informal licensed taverns, and processes more than 1.5 million transactions per day. The business provides platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions to licensed tavern outlets, enabling the measurement of sales activity in real-time, management of stock levels and informing commercial decisions, such as pricing and promotional offers. The data and insights gathered from these terminals carries significant value and potential to be monetized through relationships with a range of clients including fast-mo
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LSAK
News
- Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC [Yahoo! Finance]Yahoo! Finance
- Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARCGlobeNewswire
- Lesaka: An Undervalued Fintech Gem [Seeking Alpha]Seeking Alpha
- Lesaka Technologies, Inc.'s (NASDAQ:LSAK) largest shareholders are private equity firms with 39% ownership, individual investors own 31% [Yahoo! Finance]Yahoo! Finance
- Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 ResultsGlobeNewswire
LSAK
Earnings
- 2/6/24 - Beat
LSAK
Sec Filings
- 5/7/24 - Form DEFA14A
- 5/7/24 - Form 8-K
- 4/22/24 - Form DEFA14A
- LSAK's page on the SEC website