BAS Group acquires majority stake in Nigerian fintech Zuvy
- BAS Group acquired a majority stake in Zuvy, a fintech startup focused on invoice financing.
- Zuvy has financed invoices worth over ₦1 billion for over 1,500 small businesses.
- BAS Group's COO, Adnan Kayode, will lead Zuvy post-acquisition.
TechCabal - Jun 25, 2025
BAS Group targets Nigeria’s $236 billion credit gap with Zuvy acquisition
BAS Group has acquired a majority stake in Zuvy Technologies, a Nigerian startup specializing in sho
The acquisition of Zuvy by BAS Group represents a significant step towards creating a more integrated financial ecosystem in Africa. It highlights the potential for fintech solutions to address the needs of small businesses, particularly in underserved markets. However, the success of this partnership will depend on how effectively BAS Group can leverage Zuvy's capabilities while ensuring that the co-founders' new venture does not detract from Zuvy's growth.
