Belal El-Megharbel is the co-founder of MaxAB and will continue as CEO of the merged entity, overseeing operations from Cairo.
Wasoko co-founder Daniel Yu steps down one year after MaxAB merger
Daniel Yu is leaving his full-time role at Wasoko after over 11 years. Wasoko merged with Egypt's MaxAB in an all-stock deal, creating a regional leader in B2B supply chains.
Wasoko Founder Daniel Yu Steps Down as CEO After 11 Years, Marking Key Leadership Transition Following MaxAB Merger
Daniel Yu announced his departure as CEO of Wasoko via LinkedIn. Wasoko merged with Egypt-based MaxAB in August 2024, creating a large B2B retail platform.
Wasoko founder Daniel Yu steps down as CEO after 11 years
Daniel Yu announced his departure as CEO of Wasoko after 11 years, marking a significant leadership change. Belal El-Megharbel, co-founder of MaxAB, has assumed the role of CEO following Yu's exit.
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.
