Araxi Buys 80% Of Pay@ Group In USD 62.3 M South African Fintech Deal

Araxi Limited (formerly Capital Appreciation) has agreed to acquire an 80% stake in Pay@ Group for ZAR 1 B (USD 62.3 M) via its subsidiary African Resonance. The deal combines Araxi’s cloud, AI and POS capabilities with Pay@’s 9,000+ retail payment points and 150,000+ mobile POS devices across Southern Africa.

Founded in 2007 by Johan Koornhof, Pay@ processes over ZAR60 B in annual transaction value and has maintained strong profitability. Araxi CEO Bradley Sacks said the acquisition creates an end-to-end fintech platform bridging physical and digital payments, strengthening its regional expansion strategy.