What ZipZap does

adumo (formerly Card Connect), operating as part of the Connect Group within Lesaka Technologies (NASDAQ: LSKA), is a South African payment processing business self-described as the country's largest independent payments processor, with a claimed 20+ year operating history and a customer base concentrated among leading national retailers and brands. Its core product is an Android-based card payment terminal platform with dual SIM, 4G, and Wi-Fi connectivity, offered in both standalone and integrated deployment modes to accept multiple payment types and to support end-of-day cash-up and reconciliation. Beyond the core card acquiring product, the Connect Group platform layers adjacent financial services: Cash Connect (cash management, ATM, and vault), Capital Connect (business funding), and Easy Pay Money Market / Kazang Connect (prepaid solutions and money market), creating a multi-product counterparty for merchants.

Revenue mechanics combine transaction-based payment processing fees on card volumes, hardware sales of Android terminals, and recurring or value-added services including gift card programmes, loyalty programmes, and cash management solutions. Pricing is not publicly disclosed and is quote-based, with lead qualification using monthly card and cash turnover across more than 60 industry verticals — indicating an enterprise- and mid-market-led GTM anchored by a national field sales force covering all nine South African provinces. The 2025 rebrand from Card Connect to adumo, alongside the Lesaka "One Lesaka" unified brand launch, signals a strategic repositioning toward a single, integrated payments identity while the existing four-product Connect Group structure is preserved.

(Note on data mismatch: the firmographic header references "ZipZap," a Cape Town-based mobile POS company founded in 2012; the substantive body data describes adumo/Card Connect, founded over 20 years ago and headquartered in Sandton under Lesaka Technologies. The analysis above is grounded in the substantive body data, which is internally consistent and significantly more detailed.)

Name

ZipZap

Legal name

Connect Group

Website

https://zipzap.co.za

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

South Africa's largest independent payments processor (operating as adumo, formerly Card Connect within the Connect Group/Lesaka Technologies), providing Android-based multi-payment card terminals, cash management, business funding, and prepaid solutions to enterprise and mid-market retailers across South Africa.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB)

akta.pro secondary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

Keywords

• Mobile POS payments
• Card acceptance solutions
• Merchant payment processing
• Android card terminals
• Small business payments

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Payment Processing Services: Transaction-based payment processing fees charged to merchants for processing card payments through their terminals
2. Payment Hardware: Sale of Android card machines and terminals to merchants requiring payment acceptance infrastructure
3. Value-Added Services: Additional services including gift card programmes, loyalty programmes, and cash management solutions

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

ZipZap provides mobile, cost-effective POS payment solutions designed to help small businesses in South Africa accept card payments and process transactions. The offering is delivered within the Connect Group ecosystem and centers on Android-based card machines with multi-connectivity, enabling merchants to accept any payment type anytime via standalone or integrated deployment, supported by value-added services including gift and loyalty programmes, cash-up and reconciliation, and award-winning customer support.

Product overview

adumo (formerly Card Connect) is a multi-product payments platform operated by The Connect Group (a member of Lesaka Technologies). The platform offers a unified suite of payment solutions comprising: the core adumo/Card Connect payments processor (South Africa's largest independent payments processor), Cash Connect for cash management and ATM/vault services, Capital Connect for business funding, and Easy Pay Money Market (Kazang Connect) for prepaid solutions. The platform provides scalable standalone or integrated payment solutions with Android card machines, enabling businesses to accept multiple payment types with features including dual SIM 4G/Wi-Fi connectivity, gift and loyalty programs, and exceptional customer support.

Differentiator

Problem solved

Functional benefit

Brands

• Cash Connect: Cash management and ATM/vault solutions
• Capital Connect
• Easy Pay Money Market

Products and services

• adumo (formerly Card Connect) All-in-one payment processing platform enabling businesses to accept any payment type anytime through standalone or integrated payment solutions, featuring Android card machines with multi-connectivity.
• Cash Connect Cash management and ATM/vault solutions for secure cash handling, processing, and end-of-day reconciliation.
• Capital Connect Business funding and capital solutions providing merchants with access to working capital for growth.
• Easy Pay Money Market (Kazang Connect) Prepaid solutions and money market services enabling cash-up, reconciliation, and prepaid functionality for merchants and consumers.

Quantifiable outcome

• Any payment, anytime, anywhere

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Connect Group EntitiescoreOthersAdumo operates alongside other Connect Group brands including Cash Connect (cash management), Capital Connect (business funding), and Easy Pay Money Market (prepaid solutions), forming an integrated financial services ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• iKhokha: South African mPOS and SME financial services provider offering card machines, tap-on-phone, and working-capital loans to small merchants — directly comparable offering and target customer to ZipZap.
• Zapper: Mobile QR payment platform serving South African merchants with consumer-to-business payments; overlaps with ZipZap on the mobile acceptance and SMB segment, though differentiated by QR-first delivery.
• Yoco: Cape Town-headquartered mPOS and payments startup serving South African small businesses with mobile card readers, online payments, and value-added services — the closest direct competitor to ZipZap by geography, customer segment, and product.
• Netcash: South African payment gateway and POS provider offering card-present and online acceptance to SMEs — overlapping product surface area and target customer base with ZipZap.
• SnapScan: South African QR-code and mobile payment acceptance solution widely used by small retailers and restaurants; comparable mobile-first acceptance proposition targeting the same SMB base as ZipZap.

Broad incumbents

• SumUp: Global mPOS provider operating in South Africa with low-cost card readers aimed at micro and small merchants; comparable product category to ZipZap but with materially greater scale and capital backing.
• Network International: Africa and Middle East payments processor offering acquiring, processing, and value-added services across the continent; a scaled incumbent whose SMB and enterprise offerings overlap with ZipZap in the broader South African acquiring market.
• TymeBank: South African digital retail bank that has expanded into merchant acquiring and POS services for small businesses, leveraging its deposit base as a competitive wedge versus standalone mPOS players like ZipZap.
• Block (Square): Global mPOS, software, and financial services platform whose Square seller product is increasingly available in African markets; represents the category-defining mPOS benchmark that ZipZap competes against on price and product breadth.

Regional players

• Kazang (EasyPay Money Market): South African prepaid, card acquiring, and value-added services business operating under the Lesaka/Connect Group umbrella alongside adumo; competes with ZipZap in the SMB acceptance and prepaid space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/zipzap_mpos
• YouTubeyoutube.com/user/cashvaults
• Facebookfacebook.com/zipzap.mpos
• LinkedInlinkedin.com/company/18147140

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZipZap