Lesaka Technologies, Inc. announced that Ali Mazanderani will assume the Executive Chairman role on February 1, 2024. Ali has been a member of the Lesaka board since 2020. It was Ali?s vision to build the leading fintech platform in Southern Africa that set Lesaka on its journey.

He presented this strategy to the market at Lesaka?s Fourth Quarter 2020 earnings call and has played a key role in Lesaka?s evolution, serving as a board director and a member of the Capital Allocation Committee. Ali brings deep experience to the Lesaka executive team and is a well-known and respected global fintech leader and entrepreneur. Ali is co-founder and Chairman of Teya, a leading European fintech and has served as a director of global fintech companies, including StoneCo in Brazil and Network International in the UAE.

Kuben Pillay?s role on the Board of Lesaka will change from Chairman to Lead Independent Director, effective February 1, 2024. Kuben will continue to chair the meetings of the board of directors, in line with best practice of corporate governance and independence.