The investment comes as consumer interest in new payment options is at an all-time high, says Adumo CEO Paul Kent.
The deal will see the benefits of buy-now-pay-later offered to small and medium enterprises, which the companies say will help them to increase revenue.
The company will use the funds to expand access to electronic payment solutions, especially for underserved small and medium businesses.
The fintech holding firm announces the conclusion of an agreement in terms of which company Adumo will acquire Wirecard Solutions SA.