Net 1 UEPS Technologies, Inc., a financial technology company, provides fintech products and services to unbanked and underbanked individuals and small businesses primarily in South Africa and internationally. The company develops payment technologies to offers financial and value -added services to its customers. It operates through three segments: Processing, Financial services, and Technology. The Processing segment provides transaction processing services that involve the collection, transmittal, and retrieval of all transaction data to its customers. The Financial services segment includes activities related to the provision of financial services to customers, including bank accounts, loans, and life insurance products. This segment also offers provides short-term loans to customers. The Technology segment sells hardware, such as point of sale devices, SIM cards, and other consumables; and licenses right to use certain technology developed by the company, as well as offers related technology services. The company was incorporated in 1997 and is headquartered in Johannesburg, South Africa.
IPO Year: 2005
Exchange: NASDAQ
Website: net1.com
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8-K - LESAKA TECHNOLOGIES INC (0001041514) (Filer)
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8-K - LESAKA TECHNOLOGIES INC (0001041514) (Filer)
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8-K - LESAKA TECHNOLOGIES INC (0001041514) (Filer)
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4 - LESAKA TECHNOLOGIES INC (0001041514) (Issuer)
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JOHANNESBURG, South Africa, May 17, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ:UEPS, JSE: NT1))) today announced that it has amended its finalization dates for use of its new stock tickers. The Company had expected the new name change to be effective on May 18, 2022. As reported on May 6, 2022, the Company's shareholders approved the new name of Lesaka Technologies, Inc. On May 16, 2022, the Florida Secretary of State confirmed the registration of the Company's amendments to its amended and restated articles of incorporation. The Company has now officially changed its name from Net 1 UEPS Technologies, Inc. to Lesaka Technologies, Inc. Tradin
JOHANNESBURG, South Africa, May 10, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the third fiscal quarter ended March 31, 2022. Highlights: Revenue increased to $35.2 million, up 27% in rand terms and 22% in dollar terms, underpinned by stronger merchant revenue;After normalizing for $5.9 million of once off restructuring fees, Segment Adjusted EBITDA (before corporate/eliminations) improved to $0.3 million income from a $10.7 million loss in the comparable quarter, driven by increased revenue in our merchant segment and continued execution on cost saving initiatives;Over $19.2 million (ZAR 300 million) in annualized Project
JOHANNESBURG, South Africa, April 22, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release third quarter 2022 results after the US market close on May 10, 2022. Net1 management will host a presentation by webcast and conference call on May 11, 2022, at 8:00 a.m. Eastern Time to review these results. Participants now have the option to either: Watch the live results presentation by webcast using the webcast link below; orListen to an audio only broadcast of the results, using the conference call information below. Webcast information:The results webcast can be accessed by using the following webcast link:https://78449.
JOHANNESBURG, South Africa, April 14, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) ("Net1" or the "Company") today announced that it has completed its acquisition of the Connect Group in South Africa, for ZAR 3.8 billion, or approximately $264 million at an exchange rate of $1: ZAR 14.52. The acquisition of the Connect Group, a profitable, high-growth and leading South African fintech company, is transformational for Net1 in its journey to become South Africa's leading fintech platform. Quote from Chris Meyer, Net1 Group CEO "We welcome this landmark acquisition, which officially kickstarts our transformational journey of building a unique fintech plat
JOHANNESBURG, South Africa, March 31, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) ("Net1" or the "Company") today announced that further conditions to the transaction for the acquisition of 100% of the shares and claims in the Connect Group in South Africa have been fulfilled. Recently Fulfilled Conditions to the Transaction Further to the announcement released by Net1 on March 10, 2022, in respect of the acquisition of the Connect Group, Net1 confirms that the following conditions precedent to the transaction have been fulfilled: The counterparties to the designated agreements have consented to the change of control over the companies in the Connect
JOHANNESBURG, South Africa, March 10, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) ("Net1," or the "Company") today announced that it has received approval from the South African, Botswanan and Namibian competition authorities in respect of its acquisition of 100% of the shares and claims in the Connect Group. The merger was approved unconditionally by the Botswana and Namibia competition authorities on January 12, 2022 and February 24, 2022 respectively, and by the South African competition authorities on March 9, 2022, subject to the merger conditions described below. The transaction completion is still subject to the finalization of certain outstandin
JOHANNESBURG, South Africa, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the second fiscal quarter ended December 31, 2021. Highlights: Continued momentum in Easy Pay Everywhere ("EPE"), ending the quarter with just under 1.1 million EPE accounts as of December 31, 2021;At December 31, 2021, unrestricted cash of $182.4 million;Revenue of $31.1 million, a decrease of 4% from Q2 2021;38% recovery in operating loss to $(9.4) million in Q2 2022, reflecting the direct cost reductions in our Consumer business;GAAP EPS of $(0.22) and Fundamental EPS of $(0.13); and42% improvement in adjusted EBITDA loss to $(7.1) million, u
JOHANNESBURG, South Africa, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release second quarter 2022 results after the market close on February 9, 2022. Net1 management will host a conference call to review these results on February 10, 2022, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-508-924-4326 (US and Canada), 0333-300-1418 (U.K. only) or 010-201-6800 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to
JOHANNESBURG, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) (the "Company" or "Net1") today announced that it has appointed Naeem Kola as Group Chief Financial Officer. Kola will take up his role with effect from March 1, 2022, and joins Net1 soon after the announcement of the transformative acquisition of the Connect Group. Alex Smith will remain in the role of Chief Financial Officer until Kola joins, and will then transition into newly created role of Group Chief Accounting Officer from March 1, 2022. Kola has progressively held senior finance roles across Middle East and Africa, based out of Dubai, most notably as Group Chief Financial Offic
JOHANNESBURG, South Africa, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the first fiscal quarter ended September 30, 2021. Financial Metrics: Continued momentum in EPE account openings;At September 30, 2021, unrestricted cash of $188 million and no debt;Revenue of $34.5 million, a decrease of 2% from Q1 2021;Operating loss of $(11.2) million in Q1 2022;GAAP EPS of $(0.23) and Fundamental EPS of $(0.22); andAdjusted EBITDA loss of $(10.1) million. "While the South African economy continued to be challenging in the first quarter, I am pleased that the Net1 team continued to stay fo
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JOHANNESBURG, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) (the "Company" or "Net1") today announced that it has appointed Naeem Kola as Group Chief Financial Officer. Kola will take up his role with effect from March 1, 2022, and joins Net1 soon after the announcement of the transformative acquisition of the Connect Group. Alex Smith will remain in the role of Chief Financial Officer until Kola joins, and will then transition into newly created role of Group Chief Accounting Officer from March 1, 2022. Kola has progressively held senior finance roles across Middle East and Africa, based out of Dubai, most notably as Group Chief Financial Offic
JOHANNESBURG, South Africa, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1" or the "Company") today announced that it has appointed Mr. Kuben Pillay as Chairman of the Board of Directors ("Board") as of August 18, 2021. Mr. Pillay has been a non-executive director since June 2020 and fills this role as a result of the untimely death of Mr. Jabu Mabuza who passed away as a result of Covid-19 complications earlier this year. "I am truly humbled by this appointment and will continue on the strong path of renewal started by my predecessor, Jabu Mabuza, of ethical and values driven leadership, and a passion and commitment to better financial
JOHANNESBURG, South Africa, June 30, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1" or the "Company") today announced that it has appointed Chris Meyer as Group Chief Executive Officer ("CEO") as of July 1, 2021. A highly accomplished financial services executive with over 23 years in the industry, Mr. Meyer makes the move to Net1 after a 20-year career with Investec Bank Plc ("Investec"). From his base in London, Chris led Investec's international Corporate & Investment bank, serving over 100,000 corporate and institutional clients across seven countries. He was also an executive director for Investec and various international and regional subsi
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JOHANNESBURG, South Africa, May 10, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the third fiscal quarter ended March 31, 2022. Highlights: Revenue increased to $35.2 million, up 27% in rand terms and 22% in dollar terms, underpinned by stronger merchant revenue;After normalizing for $5.9 million of once off restructuring fees, Segment Adjusted EBITDA (before corporate/eliminations) improved to $0.3 million income from a $10.7 million loss in the comparable quarter, driven by increased revenue in our merchant segment and continued execution on cost saving initiatives;Over $19.2 million (ZAR 300 million) in annualized Project
JOHANNESBURG, South Africa, April 22, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release third quarter 2022 results after the US market close on May 10, 2022. Net1 management will host a presentation by webcast and conference call on May 11, 2022, at 8:00 a.m. Eastern Time to review these results. Participants now have the option to either: Watch the live results presentation by webcast using the webcast link below; orListen to an audio only broadcast of the results, using the conference call information below. Webcast information:The results webcast can be accessed by using the following webcast link:https://78449.
JOHANNESBURG, South Africa, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the second fiscal quarter ended December 31, 2021. Highlights: Continued momentum in Easy Pay Everywhere ("EPE"), ending the quarter with just under 1.1 million EPE accounts as of December 31, 2021;At December 31, 2021, unrestricted cash of $182.4 million;Revenue of $31.1 million, a decrease of 4% from Q2 2021;38% recovery in operating loss to $(9.4) million in Q2 2022, reflecting the direct cost reductions in our Consumer business;GAAP EPS of $(0.22) and Fundamental EPS of $(0.13); and42% improvement in adjusted EBITDA loss to $(7.1) million, u
JOHANNESBURG, South Africa, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release second quarter 2022 results after the market close on February 9, 2022. Net1 management will host a conference call to review these results on February 10, 2022, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-508-924-4326 (US and Canada), 0333-300-1418 (U.K. only) or 010-201-6800 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to
JOHANNESBURG, South Africa, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the first fiscal quarter ended September 30, 2021. Financial Metrics: Continued momentum in EPE account openings;At September 30, 2021, unrestricted cash of $188 million and no debt;Revenue of $34.5 million, a decrease of 2% from Q1 2021;Operating loss of $(11.2) million in Q1 2022;GAAP EPS of $(0.23) and Fundamental EPS of $(0.22); andAdjusted EBITDA loss of $(10.1) million. "While the South African economy continued to be challenging in the first quarter, I am pleased that the Net1 team continued to stay fo
The Acquisition Significantly Expands Net1's Addressable Market, Merchant Offering & Footprint as it Builds the Leading Fintech Platform in South Africa Company to Host Conference Call to Discuss Acquisition at 8:30am ET JOHANNESBURG, South Africa, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) (the "Company" or "Net1") today announced it has signed a definitive agreement to acquire 100% of the Connect Group for a consideration of approximately ZAR 3.7 billion (the "Acquisition"), or $242.0 million at an exchange rate of $1: ZAR 15.22. The acquisition of the Connect Group, a profitable, high-growth and leading South African fintech company,
JOHANNESBURG, South Africa, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Net1 (NasdaqGS: UEPS; JSE: NT1) today announced it will release first quarter 2022 results after the market close on November 8, 2021. Net1 management will host a conference call to review these results on November 9, 2021, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-508-924-4326 (US and Canada), 0333-300-1418 (U.K. only) or 010-201-6800 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call wil
JOHANNESBURG, South Africa, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS, JSE: NT1))) today released results for the fourth quarter and year ended June 30, 2021. Financial Highlights: Net increase of approximately 23,000 EasyPay Everywhere (EPE) account holders during Q4 2021, and an additional 61,000 – combined – in July and August of 2021;Non-cash increase of $23.4 million in Q4 2021, before tax effect, in the fair value of investment in MobiKwik;At June 30, 2021, unrestricted cash of $199 million and no debt;Revenue of $34.5 million in Q4 2021, an increase of 20% from Q3 2021;Operating loss of $(13.6) million in Q4 2
JOHANNESBURG, South Africa, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release fourth quarter and year-end 2021 results after the market close on September 13, 2021. Net1 management will host a conference call to review these results on September 14, 2021, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-508-924-4326 (US and Canada), 0333-300-1418 (U.K. only) or 010-201-6800 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten
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SC 13D/A - LESAKA TECHNOLOGIES INC (0001041514) (Subject)
SC 13D/A - LESAKA TECHNOLOGIES INC (0001041514) (Subject)
SC 13G - NET 1 UEPS TECHNOLOGIES INC (0001041514) (Subject)
SC 13G - NET 1 UEPS TECHNOLOGIES INC (0001041514) (Subject)
SC 13D/A - NET 1 UEPS TECHNOLOGIES INC (0001041514) (Subject)
SC 13G/A - NET 1 UEPS TECHNOLOGIES INC (0001041514) (Subject)