Acquiring Company
Lesaka Technologies
Acquired Company
Recharger
JohannesburgDurbanEnergyFinancial ServicesArtificial IntelligenceGamingFinanceFintechLendingBankingEnergyDescription
Lesaka Technologies, Inc. has completed the acquisition of Recharger (Pty) Ltd for ZAR 507 million. This acquisition, finalized on March 3, 2025, is aimed at entering the South African private utilities market. The purchase includes a mix of cash and equity, and the deal will be settled in two tranches. Lesaka anticipates this acquisition will enhance its offerings in the Enterprise Division.
Quick answer
Lesaka Technologies is acquiring Recharger, announced March 5, 2025. Lesaka Technologies is based in Johannesburg, Gauteng, South Africa.
- How much did Lesaka Technologies pay for Recharger?
- The deal value was not disclosed.
- What does Lesaka Technologies do?
- Lesaka Technologies, Inc. is a leading fintech platform in Southern Africa with a strong focus on digital payments, serving 1.7 million active consumers, 119,000 merchants, and processing over ZAR 250 billion in..
- Where are Lesaka Technologies and Recharger based?
- Lesaka Technologies is based in Johannesburg, Gauteng, South Africa. Recharger is based in Durban, Kwa Zulu Natal, South Africa.
- Who are the decision-makers at Lesaka Technologies?
- Fundz holds 5 contacts at Lesaka Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- German American Bancorp, Inc. completes merger with Heartland BancCorp and Heartland Bank (February 3, 2025)
- West Coast Community Bancorp completes merger rebranding (April 1, 2025)
- Mechanics Bank to merge with HomeStreet, Inc. (March 31, 2025)
Who to call at Lesaka Technologies, and when
When Lesaka Technologies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Recharger?
Recharger was acquired by Lesaka Technologies, based in Johannesburg. The deal was reported on March 5, 2025. Lesaka Technologies, Inc. Lesaka Technologies is publicly traded (LSAK) and operates in Energy.
When did Lesaka Technologies acquire Recharger?
Lesaka Technologies's acquisition of Recharger was reported on March 5, 2025. Lesaka Technologies, Inc. has completed the acquisition of Recharger (Pty) Ltd for ZAR 507 million. This acquisition, finalized on March 3, 2025, is aimed at entering the South African private utilities market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Recharger do?
Recharger is a South African prepaid electricity submetering and payments business with a base of over 460,000 registered prepaid electricity meters. It is privately held, operating in Energy, and is based in Durban.
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