African B2B e-commerce startups Wasoko and MaxAB complete merger: Interview with co-CEO Daniel Yu
- Wasoko and MaxAB have completed a merger, creating a multi-vertical ecosystem for Africa’s informal retail sector.
- The merger involved integrating 16 subsidiaries across multiple countries.
- The combined entity claims to have the continent’s largest network of B2B informal retailers.
The merger between Wasoko and MaxAB is a significant development in the African B2B e-commerce sector. By creating a multi-vertical ecosystem and focusing on scaling their fintech offerings, the combined entity aims to achieve profitability and tap into the potential of Africa's informal retail sector. The merger also allows for cost savings and synergies, which will contribute to the company's success.
