"Companies are not sold; they're bought." Ventures Platform's Managing Partner on M&A activity in Africa
OmniRetail acquired Traction Apps to enhance its fintech capabilities. Ventures Platform facilitated the acquisition of Brass earlier in 2024.
Traction Apps all-stock acquisition adds to string of investor-led deals creating quick wins
OmniRetail acquires Traction Apps in an all-stock deal. The acquisition is part of a trend of VCs consolidating startups for better returns.
Nigerian fintech Traction Apps has cut jobs following its acquisition of OmniRetail
Traction Apps confirms layoffs after acquisition by OmniRetail. Decision influenced by the need to optimize departments for efficiency.
Nigerian fintech Traction Apps cuts jobs following OmniRetail acquisition
Traction Apps acquired by OmniRetail. Layoffs announced post-acquisition.
OmniRetail acquires payment provider Traction to enhance financial solutions
OmniRetail acquires Traction Apps to boost financial services for SMEs. The merger will process over ₦1.8 trillion annually.
