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.
MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
MaxAB-Wasoko acquires Fatura from EFG Finance, enhancing its B2B eCommerce capabilities in Egypt. EFG Finance becomes a significant shareholder in MaxAB-Wasoko and secures a board seat.
Egypt's MaxAB co-founder exits company 2 months after merger with Kenya's Wasoko
Mohamed Ben Halim exits MaxAB two months after merger with Wasoko. MaxAB completed its merger with Wasoko in August 2024.
Is Safaricom threatened by Starlink
The merger between Wasoko and MaxAB, hailed as Africa's largest startup merger, was announced in Q4 2023. The new combined entity will be led by Daniel Yu, CEO of Wasoko, and Belal El-Megharbel, CEO of MaxAB.
