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Payments & Financial Infrastructure

Lesaka Technologies Executive Compensation (FY26)

LSAK · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Lincoln Mali
Latest say-on-pay support
=
August 3, 2026
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Data as of October 19, 2026Latest filing (DEF 14A): October 2, 2026
17 filings cited on this page
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200 figures on this page: 188 cited to the filing that reported them, 12 calculated from figures it prints. See the citations

More on Lesaka Technologies

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Lincoln Mali: $1,167,656 → $1,729,441 (48.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Lesaka Technologies' chief executive and what were they paid?
Lincoln Mali was paid $1,729,441 in total compensation as Chief Executive Officer: Southern Africa and Director for fiscal 2026. Compared with the $1,167,656 reported for fiscal 2025, Mali's total was 48.1% higher.
What was Lesaka Technologies' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held August 3, 2026 for fiscal 2026.
Which companies are in Lesaka Technologies' peer group?
The disclosed peer group names Blue Label Telecoms Limited, Cantaloupe, Inc., Cass Information Systems, Inc., CSG Systems International, Inc. and Dave Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chris Meyer
Group Chief Executive Officer and Director
◇—◇—◇——◇
Lincoln Mali
Chief Executive Officer: Southern Africa and Director
◇—◇—◇——◇
Naeem Kola
Group Chief Financial Officer, Treasurer, Secretary and Director
◇—◇—◇—◇◇
Alex Smith
Chief Accounting officer
◇◇◇————◇
Steven Heilbron
Chief Executive Officer: Connect Group and Director
◇——————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Heilbron
Head of Mergers & Acquisitions and Corporate Development
◇—◇—◇——◇
Chris Meyer
Former Group Chief Executive Officer and Director
◇—◇—◇——◇
Naeem Kola
Group Chief Operating Officer and Director
◇—◇—◇—◇◇
Lincoln Mali
Chief Executive Officer: Southern Africa and Director
◇—◇—◇——◇
Ali Mazanderani
Executive Chairman of the Board and Director
———————— not reported
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ali Mazanderani
Executive Chairman and Director
◇——◇——◇◇
Steven Heilbron
Head of Mergers & Acquisitions and Corporate Development
◇◇◇—◇——◇
Chris Meyer
Former Group Chief Executive Officer and Director
Departed during or after this year
◇—◇—◇—◇◇
Naeem Kola
Group Chief Operating Officer and Director
◇—◇—◇—◇◇
Lincoln Mali
Chief Executive Officer: Southern Africa and Director
◇—◇—◇——◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Heilbron
Head of Mergers & Acquisitions and Corporate Development
◇——◇◇——◇
Dan Smith
Group Chief Financial Officer and Director
◇—◇—◇——◇
Lincoln Mali
Chief Executive Officer: Southern Africa and Director
◇—◇—◇——◇
Naeem Kola
Group Chief Operating Officer and Director
◇—◇—◇—◇◇
Ali Mazanderani
Executive Chairman and Director
◇—————◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lincoln Mali
Chief Executive Officer: Southern Africa and Director
◇◇◇—◇——◇
Steven Heilbron
Head of Corporate Development and Mergers & Acquisitions and Director
◇———◇——◇
Dan Smith
Group Chief Financial Officer and Director
◇———◇——◇
Naeem Kola
Group Chief Operating Officer
◇———◇—◇◇
Ali Mazanderani
Executive Chairman and Director
◇——————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ali MazanderaniRSU◇——◇———
Fiscal 2022, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Dan SmithRSU◇◇——
RSU◇◇——
RSU◇◇——
Ali MazanderaniOption◇—◇1/31/2029
Option◇—◇1/31/2029
Option◇—◇1/31/2029
Option◇—◇1/31/2029
Steven HeilbronOption◇—◇1/31/2029
Option◇—◇1/31/2029
Option◇—◇1/31/2029
Option◇—◇1/31/2029
Naeem KolaRSU◇◇——
RSU◇◇——
Lincoln MaliRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Ali Mazanderani
Executive Chairman and Director · Employment agreement
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Dan Smith
Group Chief Financial Officer · Terms as announced by the company · citing a 2025 filing
Equity acceleration on change in control◇
Lincoln Mali
Chief Executive Officer: Southern Africa and Director · Terms as announced by the company
Equity acceleration on change in control◇
Naeem Kola
Group Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kuben Pillay
Lead independent director
◇————◇◇
Ekta Singh-Bushell
◇—————◇
Nonkululeko Gobodo
◇————◇◇
Antony Ball
◇————◇◇
Venessa Naidoo
◇————◇◇
Dean Sparrow
◇—————◇
Steven Heilbron, James Oates, Lincoln Mali, Carolina Lacerda, Dan Smith and Ali Mazanderani served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Blue Label Telecoms Limited symbol not shown
  • Cantaloupe, Inc. CTLP
  • Cass Information Systems, Inc. CASS
  • CSG Systems International, Inc. CSGS
  • Dave Inc. DAVE
  • Everi Holdings Inc. EVRI
  • EVERTEC, Inc. EVTC
  • Green Dot Corporation GDOT
  • IDT Corporation IDT
  • Medallion Financial Corp. MFIN
  • Model N, Inc. MODN
  • MoneyLion Inc. ML
  • Repay Holdings Corporation RPAY
  • Synchronoss Technologies, Inc. SNCR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026August 3, 2026=◇◇◇
2025December 8, 2025=◇◇◇
2024December 8, 2025=◇◇◇
2023November 14, 2024=◇◇◇
2022November 15, 2023=◇◇◇
2021November 16, 2022=◇◇◇
2020November 17, 2021=◇◇◇
2019November 11, 2020=◇◇◇
2018November 20, 2019=◇◇◇
2017November 14, 2018=◇◇◇
2016November 15, 2017=◇◇◇
2015November 8, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Lincoln Mali (Chief Executive Officer: Southern Africa and Director), FY2026 total compensation $1,729,441 (base salary $456,927) [exec_comp, SEC accession 0001562762-26-000119, filed 2026-10-02]

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What this page does not include

Everything above is a fact Lesaka Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lesaka Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
200 figures on this page: 188 cited to the filing that reported them, 12 calculated from figures it prints.
188 cited to the filing
12 calculated from the filing

Documents cited

  1. 0001562762-26-000119
  2. 0001062993-26-003974
  3. 0001062993-26-003930
    Exhibit
  4. 0001062993-26-001202
    Exhibit
  5. 0001062993-25-017205
    Item 5.07 Submission of Matters to a Vote of Security Holders · Proposal No. 3-Advisory Vote to Approve Executive Compensation The compensation of the Company's named executive officers was approved, on an advisory, non-binding basis, and the votes cast were as fo
  6. 0001062993-25-016371
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
  7. 0001062993-24-019062
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001062993-24-017233
    SUMMARY COMPENSATION TABLE
  9. 0001062993-23-020858
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001062993-22-022248
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001062993-22-020099
    SUMMARY COMPENSATION TABLE
  12. 0001062993-21-010983
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001062993-20-005529
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001062993-19-004537
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001062993-18-004588
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001062993-17-004983
    Item 5.07 Submission of Matters to a Vote of Security Holders
  17. 0001062993-16-012069
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lesaka Technologies executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/LSAK (accessed 2026).
Short form: data: Velarion

The paid brief for Lesaka Technologies

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
17 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Payments & Financial Infrastructure rankings

Chief executive pay — Payments & Financial InfrastructureCEO pay ratio — Payments & Financial InfrastructureSay-on-pay support — Payments & Financial Infrastructure

Peers Lesaka Technologies discloses

The companies named in LSAK's own disclosed peer group.

Cantaloupe, Inc.Cass Information Systems, Inc.CSG Systems International, Inc.Dave Inc.Everi Holdings Inc.EVERTEC, Inc.Green Dot CorporationIDT CorporationMedallion Financial Corp.Model N, Inc.MoneyLion Inc.Repay Holdings CorporationSynchronoss Technologies, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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