Africa: Flutterwave Acquires Mono in Deal Reportedly Valued Up to m

Africa: Flutterwave Acquires Mono in Deal Reportedly Valued Up to $40m

Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure companies operating at scale in Africa. Flutterwave runs one of the continent’s largest payments networks, while Mono provides APIs that allow businesses…

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Prosus-owned OLX in e-commerce deal valued at R22-billion

Prosus-owned OLX in e-commerce deal valued at R22-billion

Naspers and Prosus CEO Fabricio Bloisi Online marketplace OLX will buy French motors classified platform La Centrale for €1.1-billion (R22.4-billion), its owner Prosus said on Friday. Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers and focused on food and lifestyle e-commerce, in August reported a 54% jump in its e-commerce adjusted core earnings….

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