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Pepkor Builds R21bn Fintech Unicorn

2 entriesThu, Jul 23 – Fri, Jul 24Fintech & Payments

Timeline

  1. Fri, Jul 24LatestUnverified — not yet reviewed

    Pepkor's Shop2Shop-Flash Merger Targets Township Cash Displacement

    Shop2Shop, now being merged with Flash into Pepkor's R21.3 billion fintech entity, is advancing a thesis that solving informal taxi payments is the critical lever for displacing cash in South Africa's townships. The combined platform's IPO pathway and R200 billion throughput make it one of the country's most consequential informal-economy fintech plays.

  2. Thu, Jul 23Unverified — not yet reviewed

    Pepkor Merges Flash and Shop2Shop Into R21.3 Billion Fintech Giant With IPO Plans

    Pepkor is merging its Flash and Shop2Shop businesses into a single entity valued at R21.3 billion (approximately $1.2 billion), creating what the company describes as South Africa's largest B2B fintech platform with throughput reportedly reaching R200 billion. The combined entity, which serves the informal economy, is being structured with a clear pathway to an IPO, marking one of the most significant corporate fintech transactions in South African history.