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# Nedbank Completes Acquisition of South African SME Payments Fintech iKhokha for R1.65 Billion
- URL: https://www.theglobalbanker.com/nedbank-completes-acquisition-ikhokha-sme-payments-fintech-1-65-billion/
- Published: 2025-12-02T15:59:00.000Z
- Updated: 2026-10-02T14:32:59.000Z
- Description: Nedbank has completed its R1.65 billion acquisition of iKhokha, bringing the SME payments fintech fully into the group as a wholly owned subsidiary after all regulatory approvals were secured.
- Author: TGB Editorial Team
- Tags: M&A, Africa, #archive

Nedbank has completed the acquisition of iKhokha, a South African fintech specialising in payments solutions for small and medium-sized enterprises, for a consideration of R1.65 billion — approximately USD 94 million at the exchange rate when the deal was announced in August 2025\. All required regulatory approvals were received prior to closing, and iKhokha now operates as a wholly owned subsidiary of the Nedbank group. Nedbank said in its pre-close update that the acquisition had been effective since 1 December 2025.

Nedbank has identified the SME banking segment as a strategic growth area within its commercial and business banking franchise. 

#### ABOUT IKHOKHA

iKhokha offers mobile-first card acceptance and payment-processing solutions to merchants and small businesses.