Adumo
Highly Engaged Employees
Highly Engaged EmployeesCredit Card Processing · South Africa · 201-500 Employees
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Overview
Headquarters
3 Muswell Rd Block C & E Wedgewood Offic...Phone Number
+27 861111665Website
www.adumo.comRevenue
$123.7 MillionIndustry
ZI Rank: 2
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ZI Rank
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About Adumo
Adumo, founded in 2000 and based in South Africa, is an independent payments processor providing financial transaction services across Africa. The company offers payment processing solutions through mobile applications and other technologies for a diverse client base ranging from large multinational corporations to independent retailers and informal traders. Adumo specializes in credit card processing and broader financial services, serving both business-to-business and business-to-consumer markets with comprehensive payment infrastructure.Explore more
Adumo Org Chart
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Company Profile Activity
Activity Insights
Adumo is experiencing very low activity levels compared to other companies in the Finance sector.
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Adumo is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Adumo.
Adumo financials insights
Gather financial insights about Adumo, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2021
Other Financing Round
$15M
Adumo Tech Stack
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Adumo News & Media
South African Fintech Firm Lesaka Acquires Adumo for $85.9m
South African fintech company Lesaka Technologies, Inc. has announced a definitive agreement to acquire Adumo RF (Pty) Ltd for approximately ZAR 1.59 billion ($85.9 million). The deal, which hinges on shareholder and regulatory approvals, is expected to close in the third quarter of 2024. Under... Read MoreSA fintech company Adumo acquired by Lesaka in $85.9m deal - - Disrupt Africa
South African fintech company Adumo has been acquired by counterpart Lesaka in a deal worth ZAR1.59 billion (US$85.9 million), subject to shareholder and regulatory approval.Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC
JOHANNESBURG, South Africa, May 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka”) has signed a definitive agreement to acquire Adumo RF (Pty) Ltd (“Adumo”) for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration1 will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common
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Adumo, founded in 2000 and based in South Africa, is an independent payments processor providing financial transaction services across Africa. The company offers payment processing solutions through mobile applications and other technologies for a diverse client base ranging from large multinational corporations to independent retailers and informa... Read More
