Fintech · South Africa · Analysis
Nedbank’s $93 million iKhokha deal signals a shift from fintech partnerships to ownership
An analysis of Nedbank’s iKhokha acquisition and its implications for South Africa’s SME payments market.
Topic
Mergers and Acquisitions
Reporting on Mergers and Acquisitions.
Showing 1–18 of 18 articles
Energy & mobility · Kenya
Kenya’s Mobius Motors acquired by Silver Box in rescue deal
Silver Box acquires the Kenyan automaker following its financial crisis.
M&A
Motorola Solutions Acquires RapidDeploy, Aims To Expand Its Portfolio In The Critical Emergency Response
For Motorola Solutions, the addition of RapidDeploy’s cloud-native expertise strengthens its hand in this evolving landscape and reinforces its commitment to providing comprehensive public safety solutions.
Funding
Egypt-based MNT Halan Sets Sails For $500 Million In Credit Expansion After Key Acquisitions
Since ascending to unicorn status in 2024, the company has pulled off a series of strategic acquisition and market entries herald MNT-Halan’s plans to create a space for itself in the emerging finance industry.
M&A
Waves of Change: Senegal’s Largest E-Ticketing System Now Controlled By FinTech Unicorn Wave
Wave accounts for 90% of the adult population with a Wave account. The company achieved unicorn status in 2021 after raising $200 million in Series A funding, becoming the first French-speaking African unicorn.
M&A
Finimo Founders Sell Fintech Derivate Exipay To Stitch Two Years After Launch
At the time of acquisition, ExiPay held existing contracts with several enterprise clients and PSPs operating in South Africa and other African markets, including omnichannel retail brand Bash. With this acquisition, Stitch will serve Bash for both their online and in-person payments needs, and will continue serving other existing ExiPay clients.
M&A
Ignite Power Acquires ENGIE Energy Access In Major African Solar Deal
Ignite Power was founded in 2014 by Yariv Cohen, who pursues the mission of providing solar-powered life-enhancing solutions to some of the continent’s most underserved communities.
M&A
Egypt’s Raseedi Eyes 5-minute Loans Following Kashat Acquisition Deal
With the acquisition of Kashat, Raseedi will be able to offer cash loans of up to EGP 3,000 (approximately $95) to small business owners and sole proprietors, an amount that will be scheduled for disbursement within five minutes
M&A
Expensya Founders Walk Out On Company After Medius Acquisition, Set Eyes On New AI Venture
In his farewell announcement, Jouini expressed pride in Expensya’s achievements and gratitude to colleagues, investors, and partners who contributed to its journey.
M&A
Egypt’s Money Fellows Onboards Key Partner, Accelerates Morocco Expansion Efforts
Network International will utilize its extensive pan-regional experience to support Money Fellows’ expansion into Morocco and the wider African region.
M&A
Egypt’s Nawy Acquires ROA, Aims To Expand Real Estate Services
Nawy will be able to make use of ROA’s capabilities in improving its service portfolio while helping property owners to maximize their investments.
M&A
Smollan Acquires Yebo Fresh, Aims To Drive Growth In Township Communities
This partnership is projected to address the needs of South Africa’s informal market, valued at over R184 billion annually, by improving efficiency, accessibility, and market insights.
FinTech
Hisa Co-Founder Steps Down as CTO After Risevest Acquisition
Now, with Hisa joining the Rise brand, I wish the team continued success and growth. Hisa will always hold a special place in my heart.” Jackson said in his resignation letter.
FinTech
Natsave Collaborates With Airtel Money To Launch Fikiliza Overdraft
This feature is particularly useful for individuals and small business owners who may lack access to traditional banking services. It will be providing them with a convenient and secure means to obtain short-term credit.
FinTech
Access Bank UK Acquires Mauritius’ Fourth Largest Bank
“Mauritius, renowned for its robust financial services sector, which contributes 13.4% to its gross domestic product, provides Access UK with a solid foundation to expand its operations in the high-growth personal and corporate banking segments.”
Startups
South Africa’s Mustek Bolsters Diversification Plans, Acquires $1.1 Million Majority stake in Cybersecurity Firm
Mustek seals acquisition deal with Sizwe Africa IT 11 October, 2024 Mustek, a South African IT company, has taken a one-million-dollar step as it acquires a 70% stake in CyberAntix, a security operations centre-as-a-service provider, from Sizwe Africa IT. In a deal worth R20 million ($1.1 million) deal, both companies oversaw an R8 million ($457,820)
M&A
Bamburi’s Largest Shareholder Sanctions $182.8 Million Sale To Amsons Group
Bamburi‘s biggest shareholder has approved a $182.8 million buyout offer from the Amsons Group. Holcim, the shareholder company in question, is a Swiss construction materials manufacturing company. It has made the decision to sell its 58.6% stake in Bamburi, Kenya’s biggest cement maker to Amsons, a Tanzanian energy group. Bamburi boasts of being the largest
M&A
Peleza Merges With Prembly, Forms Prembly Group
Peleza, the Kenyan identity management startup has merged with YC-backed Prembly. The outcome of this merger is a new business entity known as the Prembly Group. The move follows a long period of collaboration between the two partners during which they realized that a permanent merger would enable cost-saving and enhance revenue growth from joint