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Events / Araxi Acquires 80% of Pay@ Group
Business Acquisition

Araxi Acquires 80% of Pay@ Group

Analysis based on 11 articles · First reported Feb 18, 2026 · Last updated Feb 19, 2026

Sentiment
60
Attention
4
Articles
11
Market Impact
Direct
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Market Impact

The acquisition of Pay@ Group by Araxi is expected to significantly strengthen Araxi's position in the fintech and payments sector, particularly in Southern Africa. This consolidation will likely lead to increased competition and innovation within the region's payments landscape, benefiting enterprise clients.

Financial technology Payments Software
Event Summary

Araxi, formerly Capital Appreciation Limited, has announced the acquisition of an 80% controlling stake in Pay@ Group for R1 billion. The transaction, executed through Araxi's subsidiary Araxi===African Resonance, aims to significantly strengthen Araxi's payments division by integrating Pay@ Group's extensive B2B payment solutions and B2C capabilities. Pay@ Group, a profitable and debt-free company operating across South Africa and other SADC nations, processed over R60 billion in transactions in the past year. The deal, funded by R200 million from Araxi's cash reserves and R800 million in senior debt, ensures full South African ownership of Pay@ Group. Both CEOs, Bradley Sacks of Araxi and Andrew Hardie of Pay@ Group, highlight the complementary nature of their offerings, expecting to create a seamless platform for faster innovation and broader solutions. The acquisition requires shareholder approval under JSE Limited Listings Requirements and is poised to expand Araxi's fintech footprint across Africa.

Key Actions
100 Araxi acquired 80% stake in Pay@ Group
90 Araxi funded acquisition with cash reserves and senior debt
70 Pay@ Group processed over R60 billion in transaction value
70 Pay@ Group achieved significant revenue and profit growth
Entities Involved
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Araxi
Araxi is acquiring an 80% stake in Pay@ Group for R1 billion, significantly strengthening its payments division and expanding its fintech footprint across Southern Africa. This acquisition is expected to enhance its enterprise-level offerings and accelerate product rollouts.
Importance 100 Sentiment 70
priv
Pay@ Group
Pay@ Group is being acquired by Araxi for R1 billion, with 80% ownership transferring. This deal ensures full South African ownership and is expected to fuel its continued growth and expansion into new markets, leveraging Araxi's technology stack.
Importance 100 Sentiment 70
per
Bradley Sacks
As the CEO of Araxi, Bradley Sacks is a key figure in this acquisition, emphasizing the strategic fit and complementary nature of the deal to deliver a powerful fintech proposition.
Importance 80 Sentiment 60
subs
Araxi===African Resonance
Araxi===African Resonance, a wholly-owned subsidiary of Araxi, is the entity through which the acquisition of Pay@ Group will be executed. This move directly expands its operational scope within the payments ecosystem.
Importance 70 Sentiment 60
per
Andrew Hardie
As the CEO of Pay@ Group, Andrew Hardie expresses optimism about the acquisition, highlighting Araxi's strategic support for Pay@ Group's continued growth and the opportunity to build on existing relationships.
Importance 70 Sentiment 60
cnt
South Africa
The acquisition consolidates South Africa's fragmented payments landscape and ensures full South African ownership of Pay@ Group, with profits reinvested locally and reduced exposure to currency volatility.
Importance 50 Sentiment 20
priv
International Payment Holdings Limited
International Payment Holdings Limited (IHPL) is an affiliate of Pay@ Group and is included in the acquisition, with R25 million of the purchase price allocated to it. It serves as a gateway for international expansion.
Importance 40 Sentiment 50
+ 1 more entities View on Dashboard
Relationships
Araxi===African Resonance related ↔ Araxi
Bradley Sacks related ↔ Araxi
Andrew Hardie related ↔ Pay@ Group
International Payment Holdings Limited related ↔ Pay@ Group
Araxi related ↔ Pay@ Group
Andrew Hardie related ↔ Araxi
Pay@ Group related ↔ Araxi===African Resonance
Bradley Sacks related ↔ Pay@ Group
Bradley Sacks related ↔ Araxi===African Resonance
Andrew Hardie related ↔ Araxi===African Resonance
+ 1 more relationships View on Dashboard
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