Fatura Joins MaxAB-Wasoko in Africa’s Biggest Retail Tech Move
- MaxAB-Wasoko acquired Fatura from EFG Finance, strengthening its position in Africa's B2B commerce.
- EFG Finance becomes a major shareholder and board member of MaxAB-Wasoko as part of the acquisition deal.
- The acquisition aims to consolidate fragmented B2B commerce and fintech sectors across Africa.
The acquisition of Fatura by MaxAB-Wasoko represents a strategic move that not only enhances their market position but also addresses the critical needs of informal retailers in Africa. This approach of integrating logistics, credit, and e-commerce could significantly reshape the retail landscape, but it will be essential to monitor how effectively they can implement this vision across diverse markets.
