2024-08-28
It's taken eight months, but the proposed merger between Wasoko and MaxAB has finally been completed. Both companies signed preliminary terms in Q4 2023 ahead of what has been referred to as Africa's largest tech merger till date. https://techpoint.africa/...
TechCrunch
Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined
450K+ merchants across 5 markets —$180M payment volume in Egypt, surpassing commerce sales —disbursed $20M in merchant financing; <1% default. —4,000+ employees. https://techcrunch...
2024-01-24
Despite a 23% decline in funding to African startups in 2023, Briter Bridges contends that this is a corrective adjustment rather than a crisis moment. Additionally, it highlights that the deal count on the continent continued to increase. https://techpoint.africa/...
TechCrunch
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
TechCrunch :