Africa B2B Startups Wasoko and MaxAB Officially Complete Merger
- African B2B e-commerce startups Wasoko and MaxAB have completed the continent’s largest-ever tech merger.
- The merged entity becomes a multi-vertical ecosystem for Africa’s informal retail sector.
- The platform's fintech verticals have rapidly overtaken B2B e-commerce, generating over $180 million in annualized sales and disbursing $20 million worth of financing to retailers.
The merger between Wasoko and MaxAB is a significant development for the African B2B e-commerce sector. By combining their expertise and resources, the merged entity has created a powerful platform to serve Africa's informal retail sector. The success of their fintech verticals demonstrates the potential for growth and impact in this market.
