wasoko

African B2B e-commerce startups Wasoko and MaxAB complete merger: Interview with co-CEO Daniel Yu

Two of Africa’s largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-about merger, TechCrunch has learned. The all-stock transaction, both companies say, marks “an evolution from B2B e-commerce companies to a multi-vertical ecosystem for Africa’s $600 billion informal retail sector.” Talks of a merger between Kenya-based Wasoko and Egypt-based MaxAB began […]

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Sources: Wasoko-MaxAB e-commerce merger faces delays amid headwinds in Africa

Last December, Nairobi’s Wasoko and Cairo-based rival MaxAB — two B2B e-commerce startups that enable retailers to order fast-moving consumer goods (FMCG) from suppliers via their respective apps — announced a planned “merger of equals.” The aim was clear: create better economies of scale in a sector that holds a lot of promise in the

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