Lesaka Technologies: Recent News Bolsters The Bull Case

^{Published on 2024-12-16 11:41:32 - Seeking Alpha}

Lesaka Technologies has inched higher in recent months, which is not surprising given several promising developments. Explore more details here.

The article from SeekingAlpha discusses Lesaka Technologies, a fintech company focused on financial inclusion in South Africa. It highlights recent positive developments that bolster the bull case for the company's stock. Key points include: Lesaka's strategic acquisition of Touchsides, which enhances its market position in the tavern industry, a significant sector in South Africa. Additionally, the company has shown robust growth in its Connect Group, with a 12% increase in lending revenue and a 25% rise in transaction volumes. Lesaka also reported a 10% growth in its merchant division, Kazang, driven by increased demand for value-added services. The article also mentions the company's efforts in expanding its customer base and improving its technological infrastructure, which are seen as positive signs for future growth. Despite these advancements, the stock remains undervalued, presenting a potentially lucrative investment opportunity.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4744571-lesaka-technologies-stock-recent-news-bolsters-bull-case ]

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