One of the 2019 local entrepreneurship success stories has been the PayFast acquisition by the DPO Group. For many entrepreneurs, this is the kind of transaction that they aspire to emulate.
Jonathan Smit is the founder and MD of Payfast, which last week was at the centre of the largest-ever acquisition in the African payments sector. Heavy Chef anchor Caley Africa investigates the journey that Smit has been on over the past decade, growing Payfast into an international payments powerhouse. In this fascinating interview, Smit reveals to Caley Africa the ins and outs of the deal with DPO Group from Kenya, the expansion internationally and the benefits provided by the deal.