African B2B e-commerce giants Wasoko and MaxAB complete merger

• Wasoko and MaxAB finalize all-stock merger after 8 months of talks
• Combined entity claims largest network of 450,000 informal retailers in Africa
• New company focusing on scaling fintech offerings for higher margins
• Merger aimed at achieving profitability and attracting future investment
• Leadership sees further consolidation ahead in African tech ecosystem

Source: Techcrunch