MaxAB, Wasoko to complete merger within weeks

Updated 7/16/2024 8:28:00 AM
MaxAB, Wasoko to complete merger within weeks

Arab Finance: The Egyptian B2B e-commerce startup MaxAB and Kenya-based e-commerce platform Wasoko are set to complete their merger within the coming weeks after finalizing the required procedures, sources in the know told Al Mal News.

Upon the merger, a new entity will be formed with an anticipated annual operational volume of $500 million.

In December 2023, the two firms inked preliminary merger terms, aiming to create a powerhouse in the digital retail sector across the continent.

 

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