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Ali Mazanderani is slated to take over as Executive Chairman starting February 1, 2024. Mazanderani’s vision has been instrumental in shaping Lesaka’s strategic focus since his board appointment in 2020. His extensive background includes co-founding European fintech Teya and serving in director roles at major fintech firms such as StoneCo and Network International. With this transition, Kuben Pillay will move from his current role as Chairman to become the Lead Independent Director, ensuring that the company maintains robust corporate governance standards.
Lesaka Technologies, formerly known as Net1, rebranded after acquiring Connect Group and is listed on both NASDAQ and JSE. The company prides itself on offering a range of financial services that cater to both business-to-business (B2B) and business-to-consumer (B2C) markets across Southern Africa. These services include merchant cash management and consumer banking solutions designed to meet the needs of formal and informal retail merchants.
As Meyer prepares to continue his involvement with Lesaka as a director after stepping down as CEO, the company remains focused on its mission to provide proprietary banking and payment technologies that promote financial accessibility throughout the region.
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