Ireland, Kenya, South Africa, 21 August 2022: DPO Group (DPO) Co-Founder and CEO Eran Feinstein has announced his retirement after helping to build the company from scratch to become one of Africa’s leading payment providers. Last year, Feinstein, alongside Co-Founder Offer Gat, successfully managed DPO’s sale to Network International, a globally renowned enabler of digital commerce across the Middle East and Africa.
One of Feinstein’s lasting legacies is to have built a company that nurtures African talent, with a focus on recruiting locally and promoting from within that pool. Feinstein said: “I am proud to have played my part in developing the next wave of African tech talent. It has been an incredible journey, from the two-man start-up in 2006 to the leading digital payments success story DPO is today. Having helped build the team that leads the company now, I know I couldn’t be leaving it in better hands.”
Nandan Mer, Group Chief Executive Officer, Network International, added: “It has been a pleasure to work with Eran since we acquired DPO last year. The company was a strong strategic fit with our business. The cutting-edge products and services he helped create at DPO will go on to support the needs of local merchants and multinationals alike, across the Middle East and Africa.”
Brendon Williamson, Network’s Regional Managing Director for Acquiring in South Africa, said: “DPO would not be the company it is today without Eran’s drive and determination. Thanks to his tireless hard work, DPO made a series of smart acquisitions including what was then one of the largest acquisitions by a PSP in 2019 when it bought PayFast in South Africa. I have learned so much from him over the last six years of working together.”
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About DPO Group
DPO Group is a leading African payment service provider (PSP) which has developed the technology to enable businesses and individuals across the continent to make payments online and offline with all currencies and payment methods. DPO Group currently works with over 60,000 active merchants, including airlines, hotels, restaurants and travel agents as well as eCommerce all over Africa. The company was founded in 2006 and since then it has grown to be a pan-African PSP with more than 450 employees and a presence in 21 African countries. By providing its merchants of all sizes with the capacity to make and accept payments effortlessly, DPO supports financial inclusion and economic development on the continent. www.dpogroup.com
About Network International
Network International comprises of a group of companies and is a leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services.
Network International Holdings Plc (LSE: NETW) is the holding company for Network International and the group companies, including the DPO Group.
Contacts:
Media DPO Group enquiries:
Tatiana Audi, Gong Communications E: [email protected] M: + 44 (0) 75 9358 4476
Media DPO Group enquiries Kenya only:
Janet Ndugire, Gong Communications E: [email protected] M: + 254 (0) 721 230 926
