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ClosedPublished 20 Apr 2022

Net 1 UEPS Technologies, Inc. /
Connect Group

Net 1 UEPS Technologies completes Connect Group acquisition

Valuation
$264m
Stage
Closed
Source · 20 Apr 2022
See the source
01 / BuyerNet 1 UEPS Technologies, Inc.
02 / TargetConnect Group
01

What happened

Net 1 UEPS Technologies, Inc. completed its acquisition of the Connect Group in South Africa. The transaction was valued at ZAR 3.8 billion, or approximately $264 million.

The Connect Group is a South African fintech company. Its addition brings 44,000 micro, small and medium enterprises into Net1’s Merchant business segment.

02

The source

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01
Source · Source

Net 1 UEPS Technologies completes Connect Group acquisition

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03

Timeline

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