Lesaka Technologies
- Company typePublic
- Founded2022
- HeadquartersJohannesburg, South Africa
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingSoftware
Lesaka Technologies firmographics
Firmographics- Name
- Lesaka Technologies
- Legal name
- Lesaka Technologies, Inc.
- Website
- https://lesakatech.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Lesaka Technologies industry classification
Industry- Product category
- Financial Technology (Fintech)
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Lesaka Technologies is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices3 records
Markets served
Lesaka Technologies business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Merchant Payment Processing: Transaction fees from card acquiring, cash management, and alternative digital payments (pre-paid solutions, supplier enabled payments) across micro-merchant and SMB segments. Revenue driven by transaction volume through Kazang, Kazang Pay, Adumo, and Cash Connect platforms.
- Consumer Lending: Interest income from personal loans up to R4,000 with up to nine months repayment terms offered to EasyPay Everywhere customers. Loan originations reached approximately R856 million in Q2 2026.
- Consumer Banking Fees: Low-cost transactional account fees, insurance premiums (funeral insurance), and card fees from EasyPay Everywhere accounts serving underserviced consumers.
- Enterprise Payment Solutions: Fees from EasyPay enterprise solutions including airtime, data, electricity sales, lotto, gaming vouchers, and over 600 bill payment services. Also Prism cryptography and secure token vending solutions for payment and utility clients.
- Payout Solutions: Corporate payout services for incentives, rewards, payroll, and expense management. Lesaka Payouts and adumoPayouts facilitate disbursements to over 500 corporate clients with prepaid cards accepted wherever Mastercard is used.
- Enterprise Software and Licensing: Software services to enterprise clients including banks, mobile network operators, and municipalities. GAAP hospitality platform licensing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | EasyPay Loans - Personal loans up to R4,000 |
| Subscription | Monthly | EasyPay Insurance - Funeral insurance plans |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
Lesaka Technologies product offering
Product offeringCore offering
Lesaka Technologies operates an integrated fintech platform serving three segments — merchants, consumers, and enterprises — with a multiproduct portfolio spanning transactional accounts, lending, insurance, merchant acquiring, cash management, software, bill payments, and alternative digital products. Core offerings include the Kazang micro-merchant platform (POS, prepaid VAS, card acquiring, cash vaults), Adumo payment processing across five African countries, GAAP hospitality POS, EasyPay Everywhere consumer banking, and Prism enterprise cryptography.
Product overview
Lesaka Technologies operates a multiproduct fintech platform organized into three divisions: Merchant, Consumer, and Enterprise. The Merchant Division serves micro-merchants and SMBs through products like Kazang (prepaid services, POS, cash management, analytics), Adumo (payments processing), GAAP (hospitality POS), Cash Connect (automated cash vaults), and Capital Connect (business lending). The Consumer Division provides transactional banking accounts via EasyPay Everywhere, personal loans, funeral insurance, and payout solutions. The Enterprise Division offers Prism (cryptography solutions) and EasyPay enterprise bill payment services. The platform provides integrated financial services including transactional accounts, lending, insurance, merchant acquiring, cash management, software, bill payments, and alternative digital products, with primary listing on NASDAQ (LSAK) and secondary listing on JSE (LSK).
Differentiator
Problem solved
Functional benefit
Brands
- Kazang: Micro-merchant solutions providing value-added services including electricity, airtime, data, bill payments, gaming vouchers and money transfers
- Kazang Pay
- Kazang Vaults
- Kazang Insights
- Adumo
- GAAP
- Cash Connect
- Capital Connect
- EasyPay Everywhere
- EasyPay Loans
- EasyPay Insurance
- Lesaka Payouts
- Prism
- EasyPay
Products and services
- Kazang Value-added services platform for micro-merchants offering electricity, airtime, data, bill payments, gaming vouchers, and money transfers, plus card acquiring and cash management on a single POS device.
- Kazang Pay
Quantifiable outcome
- 14.6% market share in South Africa's social grant business (up from 11%)
- +4 more outcomes
Companies that use Lesaka Technologies
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Lesaka Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Lesaka Technologies partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Heineken InternationalminorLesaka acquired Touchsides from Heineken International in February 2024, expanding footprint in South Africa's informal tavern industry with data analytics from over 10,000 terminals.
- SizekhayaminorKazang (Lesaka micro-merchant division) partners with Sizekhaya, incoming National Lottery operator, to provide lottery and gaming voucher services through Kazang's merchant network.
- LunocoreZARU stablecoin co-creation partnership with Luno, EasyEquities, and Sanlam unit. Luno provides trading desk infrastructure for the first rand-backed stablecoin enabling 24/7 blockchain-based payments.
- SanlamcoreZARU stablecoin partnership with Sanlam Specialised Asset Management providing reserve management. Sanlam Financial Markets facilitates the stablecoin infrastructure alongside Luno, EasyEquities, and Lesaka.
- EasyEquitiescoreZARU stablecoin co-creation partnership with EasyEquities providing trading desk access for institutional investors in the initial rollout of the rand-backed stablecoin.
- Standard BankcoreStandard Bank holds cash reserves backing ZARU stablecoin and provides reserve custody services. Standard Bank Financial Markets and Sanlam Financial Markets manage the stablecoin's reserve assets.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
Lesaka Technologies competitors and assessment
Company assessmentBroad incumbents
- StoneCo: Latin American SMB-focused fintech offering acquiring, banking, and credit. Broadly comparable emerging-markets fintech playbook; Lesaka chairman Ali Mazanderani also serves on its board.
- Capitec Bank: South Africa's largest retail bank by client base, serving mass-market and lower-income consumers with simplified banking and unsecured lending. Represents the broader incumbent against which Lesaka's EasyPay consumer proposition competes.
- Discovery Bank: South African digital retail bank with a behavioural-incentives model. Comparable to Lesaka's evolving consumer banking strategy, particularly given that Lesaka's CSO Akash Dowra was a founding member of Discovery Bank.
Direct peers
- Network International: Emerging-markets-focused payments processor and acquirer operating across the Middle East and Africa. Closely comparable to Adumo/Lesaka on merchant acquiring, processing volumes, and emerging-market fintech distribution; Lesaka chairman Ali Mazanderani also sits on its board.
- Interswitch: Pan-African digital payments and commerce company providing card acquiring, switching, payment processing, and consumer financial services across Nigeria and wider Africa. Direct comparable to Lesaka's multiproduct merchant + consumer fintech model.
- Onafriq (formerly MFS Africa): African mobile-money and cross-border payments network connecting 500M+ mobile wallets. Directly comparable to Lesaka's ZARU stablecoin corridor and EasyPay/Merchant cross-border ambitions.
- Yoco: South African SMB-focused payments and POS company serving tens of thousands of small merchants. Directly overlaps with Lesaka's Kazang/Adumo SMB acquiring target market in South Africa.
- Peach Payments: South African online and in-person payment gateway serving SMB merchants. Comparable to Lesaka's Adumo and Kazang Pay card acquiring offerings for the same SMB segment.
- Thunes: Cross-border payments network enabling real-time payments across 130+ countries. Directly comparable to Lesaka's ZARU stablecoin cross-border use case; Ali Mazanderani also serves on Thunes' board.
- TymeBank: South African digital-only challenger bank targeting underserved consumers with low-cost transactional accounts. Directly overlaps with Lesaka's EasyPay Everywhere consumer banking proposition, and is a comparable model for the new Bank Zero banking licence use case.
Market position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Lesaka Technologies social profiles
Digital presenceLesaka Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lesaka Technologies leadership team
Management profileNumber of profiles
Profiles18 records
Lesaka Technologies subsidiaries and ownership
Company hierarchySubsidiaries10 records
Lesaka Technologies funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lesaka Technologies M&A and investment
M&A and investmentM&A6 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lesaka Technologies
What does Lesaka Technologies do?
Lesaka Technologies operates an integrated fintech platform serving three segments — merchants, consumers, and enterprises — with a multiproduct portfolio spanning transactional accounts, lending, insurance, merchant acquiring, cash management, software, bill payments, and alternative digital products. Core offerings include the Kazang micro-merchant platform (POS, prepaid VAS, card acquiring, cash vaults), Adumo payment processing across five African countries, GAAP hospitality POS, EasyPay Everywhere consumer banking, and Prism enterprise cryptography.
Is Lesaka Technologies a public or private company?
Lesaka Technologies is a public company. It is classified as public and is currently operating.
When was Lesaka Technologies founded?
Lesaka Technologies was founded in 2022. It employs 1,001 to 5,000 people.
Where is Lesaka Technologies based?
Lesaka Technologies is headquartered in Johannesburg, South Africa, in the Africa region.
How does Lesaka Technologies make money?
Six revenue lines are on record. Merchant Payment Processing is the primary driver. The others are consumer Lending, consumer Banking Fees, enterprise Payment Solutions, payout Solutions and enterprise Software and Licensing.
Who are Lesaka Technologies's main competitors?
Broad incumbents on record are StoneCo, Capitec Bank and Discovery Bank. Direct peers are Network International, Interswitch, Onafriq (formerly MFS Africa), Yoco, Peach Payments, Thunes and TymeBank.
Does Lesaka Technologies have an API?
No public API is recorded for Lesaka Technologies.
What industry is Lesaka Technologies in?
Lesaka Technologies's product category is Financial Technology (Fintech). Its primary akta.pro industry code is BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6199.