Financial Technology (Fintech) - Financial Services & Digital Payments
Strategic Profile
Lesaka is a fintech company driven by a purpose to digitise commerce in Africa, offering services to consumers, merchants and enterprises. In June 2025, Lesaka Technologies acquired Bank Zero for R1.091 billion, marking a key milestone in building a vertically integrated fintech platform.
Cyborg Score Rationale
FY2025 net revenue reached $328.7 million, up 38% in ZAR, with Group Adjusted EBITDA of $50.7 million, a 33% increase in ZAR. For FY2026, the company expects adjusted earnings per share of at least ZAR 4.60, representing over 100% year-on-year growth.
Top Insights
Lesaka projects 35%+ EBITDA growth and 100% EPS increase for FY2026
Bank Zero acquisition for R1.091 billion expands banking capabilities
Merchant Division saw Net Revenue growth of 58% while Consumer Division increased 32% in Q3 2025
Company projects positive net income for the first time in FY2026
Named Competitors
Digital Banking — Zero-fee digital banking platform (now acquired by Lesaka)
Mobile Money — Digital wallet and mobile payment platform (formerly held by Lesaka)
Merchant Acquiring — Payment processing solutions for merchants
Recent Developments
(June 2025) Acquired Bank Zero digital bank for R1.091 billion to build vertically integrated fintech platform
(September 2025) Delivered FY2025 revenue of $328.7M with 38% growth and set FY2026 guidance for 100%+ EPS growth
(May 2025) Q3 2025 results showed 43% Net Revenue growth YoY with Merchant division posting 58% growth
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