Kenya’s Wasoko and Egypt’s MaxAB have just announced that they are in merger talks, signing preliminary terms which could signal that the largest merger ever in African tech may be in the horizon.
Both Wasoko and MaxAB operate in the same B2B e-commerce space, offering informal ‘mom & pop’ retailers (their major clients) an app that ensures they can re-order essential goods (such as rice, flour, and soap), and have the items delivered within a few days.
The two companies also offer financing that enables merchants order goods on credit.
ABOUT
Wasoko is transforming communities across Africa by revolutionizing access to essential goods and services. By connecting small shops to the digital economy, Masoko fixes inefficient supply chains and provide services that were previously unavailable. Wasoko aims to provide everything a retailer needs, without te need for wholesalers or banks. Thousands of retailers across Kenya, Tanzania, and Rwanda use Wasoko’s mobile ordering and delivery service to receive the goods they need as quickly and cheaply as possible while also accessing growth financing for the first time.
MaxAB is one of the fastest-growing B2B businesses in the retail industry in Egypt. Established in 2018 as an eCommerce platform, MaxAB allows local underserved merchants and mom-and-pop shops in Egypt and Morocco to grow, increase their revenues, and enhance their own quality of life.