Lesaka / Bank Zero 2025
Lesaka Technologies acquired Bank Zero for $61M on June 27, 2025.
- Target
- Bank Zero
- Acquirer
- Lesaka Technologies
- Deal value
- $61M
- Announced
- June 27, 2025
- Sub-sector
- Neobank
Transaction overview
- Lesaka Technologies announced the acquisition of Bank Zero on June 27, 2025 for $61M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Combines Bank Zero's digital banking infrastructure and banking licence with Lesaka's fintech platform to optimise balance sheet and fund lending through customer deposits.
Deal terms & multiples
Frequently asked questions
How much did Lesaka Technologies pay for Bank Zero?
Lesaka Technologies acquired Bank Zero for $61M, announced on June 27, 2025.
When did Lesaka Technologies announce the acquisition of Bank Zero?
Lesaka Technologies announced the acquisition of Bank Zero on June 27, 2025.
What sub-sector is Bank Zero in?
Bank Zero is tracked in the Neobank sub-sector.
Sources
- citizen.co.za /business/lesaka-pushes-bank-zero-acquisition-deadline-to-2027-as-regulatory-approvals-lag/