Arab Finance: Basata Holding for Financial Payments is planning to increase its stake in the Jordanian fintech firm MadfoatCom to 49%, sources in the know told Al Mal News.
This would follow Basata’s anticipated acquisition of 24% in MadfoatCom as a first step.
In March, Basata announced that its binding offer submitted with Jordan Kuwait Bank to acquire a 30% stake in MadfoatCom was accepted.