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FINTECH COMPANY ADUMO HAS ACQUIRED POINT-OF-SALE COMPANY GAAP

The African fintech company Adumo has acquired Point-of-Sale company GAAP for an undisclosed amount. The acquisition will see GAAP Point-of-Sale join the Adumo family while continuing to operate independently.

GAAP Point-of-Sale has become a leader in the hospitality technology sector in Africa. GAAP specialises in providing products and all related customer support to the hospitality industry, including Point-of-Sale hardware and software, Drive-Thru Systems, Digital menu boards and online ordering.

GAAP’s success has seen us provide services to over 150 hospitality franchise groups in Africa and thousands of independently owned restaurants.

Adumo Adumo who are part of the Crossfin Technology Group, is South Africa’s largest independent payment processor, services more than 30,000 active clients and 50,000 card machines – Processing $66 Billion in transaction value across thirteen African countries. Adumo is more than just payment solutions – they provide expertise and support to businesses to help them grow and expand in an ever-changing environment.

With GAAP Point-of-Sale and Adumo joining forces, it opens up new possibilities for GAAP to enhance our product offerings to customers and introduce innovative fintech products to restaurants at a crucial time for the hospitality industry.

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