When was Adumo founded?

Adumo was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Adumo located?

Adumo is headquartered in Sandton, South Africa.

Who is the current CEO of Adumo?

Paul Kent of Adumo. They have also founded 1 company.

How many employees does Adumo have?

As of Jul 31, 2026, the latest employee count at Adumo is 136.

Is Adumo a funded company?

Adumo is a funded company, having raised a total of $25.9M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Feb 05, 2021.

When was the latest funding round of Adumo?

Adumo's latest funding was a $***** Conventional Debt round on Nov 18, 2022, with participation from 1 investor.

Where does Adumo rank among its competitors?

Adumo ranks 8th amongst 102 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Adumo?

Adumo's top competitors include PayU, Flutterwave and ACI Worldwide. Among them, Flutterwave secured the most recent funding round in July, 2026.

Adumo - 2026 Company Profile, Team, Funding & Competitors

Q: Is Adumo an acquired company?

Adumo got acquired by Lesaka on May 07, 2024.

Company Details

Provider of payment solutions, card machines, and customer engagement platforms. The business offers standalone, integrated, and online payment processing. It provides point-of-sale integrations, alternative payment options, and automated reconciliation services. Additionally, the company delivers customer engagement solutions, including loyalty rewards, gift cards, and virtual vouchers. Payout solutions, such as rewards, payroll, and expense management, are also available.

Website: adumo.com
Social
Email ID: *****@adumo.com
Phone Number: +27 **********

Key Metrics

Founded Year

2019

Location

Sandton, South Africa

Stage

Acquired

Total Funding

$25.9M in 3 rounds

Latest Funding Round

Conventional Debt, Nov 18, 2022, $*****

Investors

IFC Asset Management Company & 4 more

Ranked

8^th among 102 active competitors

Employee Count

136 as on Jul 31, 2026

Investment & Acquisitions

SwitchPay & 2 more

Similar Companies

Stripe & 3312 more

Exit Details

Acquired by Lesaka (May 07, 2024)

View Adumo's full profile

Adumo got acquired by Lesaka on May 07, 2024 at an acquisition amount of $*****.

Click here to take a look at Adumo's acquisition in detail

Adumo has raised a total funding of $25.9M over 3 rounds. Its first funding round was on Feb 05, 2021. Its latest funding round was a Conventional Debt round on Nov 18, 2022 for $*****. 1 investor participated in its latest round. Adumo has 5 institutional investors.

Here is the list of recent funding rounds of Adumo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 18, 2022	6907388	Conventional Debt	9441382	1937465	2859951	8931898
Nov 18, 2022	4490620	Series B	6980591	3139780	9452569	Apis Partners & 2 more
Feb 05, 2021	8019355	Series B	3561872	5885305	4325180	IFC & 1 more

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View details of Adumo's funding rounds and investors

The founders of Adumo is Paul Kent. Paul Kent is the CEO of Adumo.

Here are the details of Adumo's key team members:

Paul Kent: Founder & CEO of Adumo.

View details of Adumo's Founder profiles and Board Members

Adumo's employee count trend

Adumo has 136 employees as of Jul 26. Here is Adumo's employee count trend over the years:

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Top competitors of Adumo include PayU, Flutterwave and ACI Worldwide. Here is the list of Top 10 competitors of Adumo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, PROSPER & 5 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 73 others	83/100
3rd	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, JMI Management & 3 others	74/100
4th	Network International 1994, Dubai (United Arab Emirates), Acquired	Provides digital payment solutions and merchant services, catering to businesses with fintech support	$539M	General Atlantic, Warburg Pincus & 3 others	72/100
5th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	HarbourVest Partners, W Capital Partners & 4 others	63/100
6th	Worldline 1972, Paris (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	61/100
7th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	60/100
8th	Adumo 2019, Sandton (South Africa), Acquired	Provider of payment solutions, card machines, and customer engagement platforms	$25.9M	IFC Asset Management Company, Investec & 3 others	59/100
9th	Peach Payments 2013, Cape Town (South Africa), Series A	Payment gateway solutions for businesses and merchants	$32M	Umkhathi Wethu, Allan Gray & 5 others	58/100
10th	UnionPay Intl 2012, Shanghai (China), Funding Raised	Operator of payment network facilitating card and mobile-based transactions	-	SAIF Partners, China Merchants Capital & 11 others	57/100

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Looking for more details on Adumo's competitors? Click here to see the top ones

Adumo has acquired 3 companies including SwitchPay, Wirecard and Wirecard. Adumo has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 30, 2021	Acquisition	SwitchPay	2018	Sandton (South Africa)
Dec 17, 2020	Acquisition	Wirecard	1999	Aschheim (Germany)
Sep 28, 2020	Acquisition	Wirecard	1999	Aschheim (Germany)