Theo's questions to Lesaka Technologies Inc (LSAK) leadership • Q1 2025
Question
Theo inquired about the new product pipeline and future growth initiatives within the Consumer division.
Answer
Executive Lincoln Mali detailed two key initiatives. First, Lesaka is launching a new loan product that increases the maximum loan amount from ZAR 2,000 to ZAR 4,000 and extends the term to nine months, responding to customer demand. Second, with the Adumo payouts acquisition, Lesaka is expanding into a non-grant-beneficiary consumer base of 250,000, where it plans to introduce VAS, funeral, and lending products.