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Adumo

Operating

Adumo is South Africa’s largest independent payments processor

Updated Source: SLA Startup IndexHow we verify →
Total raised
$15M
disclosed
Last round
Debt Financing
Rounds
3
since 2019
Investors
4
on record
Employees
201-500

About Adumo

We are not a bank, we are South Africa’s largest independent payments processor trusted by retailers across Africa. Whether you are a large multi-national, independent retailer, entrepreneur or informal trader, we have the technology and expertise to help you grow and expand in an ever-changing environment. We are more than just payment solutions. We provide the expertise to make smart payment acceptance decisions that work for you. Our eco-system offers you working capital requirements, consumer engagement platforms, business support solutions, an in-store consumer credit platform, retail point of sales software and hardware, customer analytics, electronic voucher distribution and private label card issuing, all from a single provider. adumo is backed by strong institutional shareholders with deep domain expertise and extensive relationships. Together we look to acquire or partner with innovative companies that solve everyday problems needed to accelerate the growth of both shareholders and local communities.

Adumo funding3 rounds

All 3 rounds →

Adumo has raised $15M across 3 disclosed rounds. The latest is a Venture announced 18 Nov 2022.

AnnouncedRoundLead · investorsAmount
18 Nov 2022Adumo VentureInvestec +2Not disclosed
18 Nov 2022Adumo Debt FinancingInvestecNot disclosed
09 Mar 2021Adumo Funding RoundIFC$15M

Adumo founders & team

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Frequently asked about Adumo

Where is Adumo based and when was it founded?
Adumo is headquartered in Bryanston, South Africa and was founded in 2019.
Who is the CEO of Adumo?
Paul Kent is Adumo's CEO.
How much funding has Adumo raised?
Adumo has raised $15M across 3 disclosed rounds. Its latest, a Venture, was announced on Nov 18, 2022.
Who has invested in Adumo?
Backers include Investec, International Finance Corporation, Crossfin Technology and IFC.
What sector is Adumo in?
Adumo operates in Financial Services and FinTech.