Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch. The move comes as fintech has become one of Africa’s most active investment sectors and startup acquisitions—which have been rare—are picking up across the continent. The purchase of Amplify caps off a busy period for OneFi.

Topics:  amplify s ip   ceo chijioke   lendable   collectively    we re   whatsapp   qr   pos   founded   pan-african   flutterwave   co-founder segun adeyemi   onefi s   asian   bizsense   kenyan   brck s   isp everylayer   nairobi   surf   kenya s m-pesa   briter bridges   weetracker   vc   senegal   côte   drc   ghana   egypt   europe   diaspora   onfefi s   there s   rocket internet   jumia s   s-1   ipo   bb stable   global credit rating co   gcr s   onefi   nigeria   amplify   amplify s   dozie   techcrunch   africa   visa   segun adeyemi   maxwell obi   mest   jumia   fintech   payment   startups   financial   social   including   offer   mobile   purchase   services   solutions   online   acquisition   exits   product   continent   million   lending   client   told   media   team   based   covered   partnership   merchants   undisclosed   secured   investment   operating   markets   options   clients   performance   customers   report   aren   banking   public   buy   pivot   
BING NEWS:
  • Gigs hires head of fintech
    Gigs, a telecom-as-a-service platform, hired Rishi Sachdeva from Stripe as its head of fintech. Why it matters: This marks the startup's third hire from Stripe, including its head of telecom and its ...
    04/16/2024 - 2:54 am | View Link
  • Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
    Appzone is one of the standout local fintech software ... network coverage to other payment channels, thereby catering to a wider range of clients. In addition, the company, which doesn’t ...
    03/17/2024 - 10:26 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News