Lesaka Technologies has finalised the divestment of its entire equity interest in Indian digital payments platform One Mobikwik Systems Limited.
The transaction, executed through Lesaka’s Netherlands-based subsidiary Net 1 Applied Technologies B.V., generated net proceeds of approximately R290 million or $16.3 million.
The South African fintech company disclosed the completion of the sale in a June 30, 2025 Form 8-K filing with the U.S. Securities and Exchange Commission.
The shares were disposed of on the Indian Stock Exchange on June 26, 2025, with the rand-dollar exchange rate pegged at ZAR 17.75 to USD 1.00 at the time of transaction.
Strategic Focus on African Fintech Market
This divestment aligns with Lesaka’s strategic focus on strengthening its core fintech operations in Southern Africa. The company provides an integrated financial services platform targeting underserved consumers and merchants across the region.
Lesaka’s comprehensive product suite includes:
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Transactional banking accounts
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Merchant acquiring services
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Lending and insurance products
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Cash management solutions
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Alternative digital payment systems
As a trailblazer in African fintech solutions, Lesaka maintains its primary listing on Nasdaq and a secondary listing on the Johannesburg Stock Exchange. The company continues to drive financial inclusion through its digital commerce ecosystem, facilitating the transition from cash-based to digital transactions in its operating markets.
The Mobikwik sale represents a strategic portfolio optimisation as Lesaka concentrates resources on its Southern African operations.
Market analysts view the transaction as a positive step in the company’s efforts to streamline its international holdings while maintaining focus on its core African fintech business
