MaxAB is a leading B2B e-commerce platform in Egypt, focusing on logistics and supply chain solutions for informal retailers.
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.
MaxAB-Wasoko Bets on Fintech Over E-commerce in Push for Profitable Growth Across Africa
MaxAB-Wasoko is intensifying its focus on fintech to drive profitability in North and East Africa. The company is scaling back e-commerce efforts in Morocco to prioritize fintech growth.
10 Startups to Watch in 2025 in North Africa
Chari, a Moroccan startup, is revolutionizing retail with a B2B e-commerce platform that supports over 20,000 small grocery stores. MaxAB in Egypt has merged with Wasoko, creating Africa's largest informal retail network, supporting over 450,000 merchants.
