Exclusive: Payday to be acquired by BitMama after $3m funding round in February
- Payday is in talks to be acquired by BitMama, a Nigerian crypto exchange startup.
- BitMama has offered PayDay investors $1 million worth of equity in the crypto company at a $30 million valuation.
- The potential acquisition would allow BitMama to leverage Payday's existing customer base and services.
The potential acquisition of Payday by BitMama presents an opportunity for both companies to strengthen their positions in the fintech industry. BitMama can benefit from Payday's existing customer base and services, while Payday can leverage BitMama's expertise in crypto and global services. However, Payday's past issues with blocked customer accounts and employee discontent should be carefully addressed to ensure a smooth transition.
