MaxAB is a leading B2B e-commerce platform in Egypt, focusing on logistics and supply chain solutions for informal retailers.
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.
African Tech Startups in 2024: Mergers, Expansions, and Funding Challenges
39 mergers and acquisitions (M&A) deals occurred in Africa's tech industry in 2024, a 34% increase from 2023. Southern Africa led with 16 startups being acquired, followed by West Africa with 10, East Africa with 7, and North Africa with 4.
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.
