Tag: adumo

Apis Growth Fund I, a private equity fund managed by Apis Partners, a UK-based asset manager, will have fully exited its position in South African merchant acquirer Adumo following Adumo’s acquisition by South African FinTech Lesaka Technologies, announced yesterday.

Adumo, an independent payments processor, has raised R190m to further enhance its growth and expansion plans across Sub-Saharan Africa.

PayTech companies dominate the list of top 10 South African FinTech deals in 2021 taking four spots. Digital payments in South Africa are...