Payment processor providing integrated payment, reconciliation, and card acquisition services for merchants in South Africa.
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Adumo is a payment processor that provides integrated payment services, reconciliation services, and card acquisition for merchants in South Africa. Lesaka is acquiring Adumo for approximately $86.4 Million in cash and shares. Adumo's team and technology will be integrated into Lesaka’s existing stack, expanding Lesaka's ecosystem across 5 countries. The acquisition is pending shareholder and regulatory approval.