Lesaka Technologies Inc. LSAK

What this company does

Lesaka provides consumers with banking, credit, insurance and payout solutions, provides merchants with payment acceptance solutions, and provides enterprises with network capabilities that facilitate payments between consumers and businesses. Lesaka has over 3,500 employees operating in five countries, including South Africa, Namibia, Botswana, Zambia and Kenya. It operates through three business segments: Merchant, Consumer and Enterprise. The Merchant Segment serves over 125,000 merchants of all sizes across Southern Africa, of which more than 100,000 are in South Africa. The Consumer Segment serves approximately 2.1 million active consumer customers, comprising 1.9 million grant beneficiaries and 0.2 million EasyPay Payouts cardholders. Lesaka was incorporated in Florida in May 1997 as Net 1 UEPS Technologies, Inc., and changed its name to Lesaka Technologies, Inc. on May 12, 2022.

Written from the business description in LESAKA TECHNOLOGIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 29 September 2025. Every sentence was checked against that document before publication.