Lesaka Technologies, the fintech firm backed by African Rainbow Capital ARCthe investment group led by South African billionaire Patrice Motsepehas received approval from South Africas Competition Commission for its planned 64 million purchase of Bank Zero.
The clearance removes the main regulatory hurdle for the deal, which was first announced in June 2025 . Under the agreement, Bank Zero shareholders will receive about 12 percent of Lesakas fully diluted shares and up to 5 million in cash once the transaction closes.
Regulatory step nears final stretch