Capitec Acquires Walletdoc to Strengthen Digital Payments Ecosystem
Capitec has acquired Walletdoc in a deal worth up to R400 million as part of its strategy to build a more affordable and accessible digital..
✨ Key Highlights
Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company specializing in payment gateway solutions. This strategic move aims to integrate Walletdoc's technology into Capitec's banking products, enhancing its digital payments ecosystem for its 25 million clients.
- The acquisition involves an initial cash payment of R300 million, with a potential additional R100 million earn-out over three years based on performance.
- Walletdoc offers a range of services including online and in-app payments, digital wallets, and payment links.
- Graham Lee, CEO of Capitec, stated the deal strengthens the bank's goal of building a competitive and accessible payments ecosystem.
- Leonard Shenker, CEO of Walletdoc, expressed excitement about leveraging Capitec's ecosystem to accelerate innovation in South Africa's digital payments space.
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Vertiv, Capitec, and Vodacom Pursue Major Acquisitions and Stake Purchases - December 2025
Vertiv has successfully completed its acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities for data centers. In a separate deal, Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company. This acquisition aims to integrate Walletdoc's technology into Capitec's digital payments ecosystem. Meanwhile, the Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. The government's goal for this divestment is to raise between KES 240.5 billion and KES 244.5 billion for national funds.
