Nigeria-based startup OmniRetail has announced the acquisition of Traction Apps, a Lagos-based business payments platform, in a move aimed at enhancing its point-of-sale (POS) and inventory management services for African small and medium-sized enterprises (SMEs). The acquisition, which was recently shared on LinkedIn, marks a significant step in OmniRetail’s mission to digitize traditional e-commerce for […]
Lesaka Technologies, a listed fintech company, has officially completed its acquisition of Adumo for a total consideration of R1.67 billion ($96 million). This deal significantly strengthens Lesaka’s payment processing capabilities, adding to its growing portfolio of fintech solutions across Africa. The acquisition was finalized with a combination of approximately 17 million Lesaka shares and a […]
Xero, the global leader in accounting software, has just announced its acquisition of South Africa’s very own Syft Analytics in a deal worth up to $70 million! 🌍💡 This marks a major milestone for both companies and a huge win for the South African tech ecosystem. 🎉 Founded in Johannesburg in 2016 by Eleftherios Kyriazis, […]
Hello Africa,🔥 Today we will be talking about MaxAB and its recent acquisition of WaystoCap as it seeks to expand its operations in Northern Africa and the Middle East. MaxAB, an Egyptian based B2B ecommerce platform, announced getting a $15 million additional funding following its initial funding of $40 million during the series A in […]
