Adumo

company

About

Adumo is a Fintech company that provides payment processing services to help simplify and optimize businesses.

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
R190M
Industries
Financial Services,FinTech,Payments
Founded date
Jan 1, 2019
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
adumo (RF) Pty Ltd.

Adumo is a Fintech company that provides payment processing services enabling business owners to securely accept a range of payment types with an omnichannel approach and help them grow, simplify, and optimize their business through best-in-class payment experiences. It enables transactions supported by end-to-end reconciliation and valuable business insights.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
R415M
Adumo has raised a total of R415M in funding over 2 rounds. Their latest funding was raised on Nov 18, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 18, 2022 Series Unknown R190M 4 Detail
Nov 18, 2022 Debt Financing 1 Investec Detail
Mar 8, 2021 Series B R225M 1 International Finance Corporation Detail

Investors

Number of Lead Investors
Number of Investors
2
4
Adumo is funded by 4 investors. Investec and Apis Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Investec Series Unknown
Apis Partners Series Unknown
Crossfin Technology Series Unknown
International Finance Corporation Series Unknown

Employee Profiles

Number of Employee Profiles
1
Adumo has 1 current employee profiles, including Executive Paul Kent
Executive

Acquisition

Adumo has acquired 2 organizations. Their most recent acquisition was Wirecard Solutions South Africa on Dec 18, 2020. They acquired Wirecard Solutions South Africa for 0.

Date Company Name
Industry Acquisition Type Price
Financial Services acquisition Detail
Nov 30, 2021 SwitchPay
Information Technology acquisition Detail