Pepkor buys 57.1% stake in fintech platform combining Flash, Shop2Shop for R1.57 billion

Reuters2026/07/22 05:33

By:Reuters

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Pepkor will combine its Flash unit with Shop2Shop, taking a 57.1% controlling stake in the merged fintech platform, FintechCo.
Consideration includes a ZAR 1.57 billion cash subscription for new Shop2Shop shares and the injection of Flash valued at ZAR 10.6 billion.
The deal implies an equity valuation for FintechCo of about ZAR 21.3 billion, with annual throughput value exceeding ZAR 200 billion.
FintechCo is positioned as a merchant commerce and fintech platform spanning formal and informal markets, with a separate listing planned in the medium term.
Completion is subject to regulatory and competition approvals, with closing expected on the first business day of a month following clearance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pepkor Holdings Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524435), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pepkor buys 57.1% stake in fintech platform combining Flash, Shop2Shop for R1.57 billion

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