Pepkor Strengthens Informal Economy Strategy with R21.3 Billion Fintech Deal

Pepkor Holdings has announced the combination of its wholly owned fintech subsidiary, Flash, with Shop2Shop to create one of South Africa’s largest merchant commerce and fintech platforms, with annual transaction throughput exceeding R200 billion. Following the transaction, Pepkor will hold a controlling 57.1% stake in the combined business, FintechCo. The deal implies a total equity […]