
Adumo
OperatingAdumo is South Africa’s largest independent payments processor
- Financial Services
- Bryanston, South Africa
- Venture
- Founded 2019
- adumo.com ↗
- 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.
Who has invested in Adumo
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 18 Nov 2022 | Adumo Venture | Investec +2 | Not disclosed |
| 18 Nov 2022 | Adumo Debt Financing | Investec | Not disclosed |
| 09 Mar 2021 | Adumo Funding Round | IFC | $15M |
Adumo founders & team
- Paul KentCEO
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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.