South Africa's Pepkor to join fintech unit with Shop2Shop, eyes future listing | Reuters

Pepkor Holdings is combining its fintech subsidiary Flash with Shop2Shop to create FintechCo, a merchant commerce and fintech platform targeting South Africa's informal economy, with plans for a future separate listing. Pepkor will hold 57.1% of the combined entity valued at 21.3 billion rand.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.