Pepkor creates R21.3bn fintech platform with IPO ambitions
JSE-listed retail group Pepkor Holdings Limited has announced a major consolidation in South Africa’s informal merchant sector, combining its Flash business with fintech provider Shop2Shop to establish a preeminent merchant commerce and fintech platform valued at approximately R21.
Strategic integration across the value chain The merger brings together two complementary operating platforms serving South African traders: Flash: Pepkor’s digital products and value-added services (VAS) distribution platform.
With Flash, we are able to deepen our offering and scale, and position a proven fintech platform in South Africa,” added Berry.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
