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ghtazi

Money transfer group Mukuru acquires fintech Zoona's assets in Malawi - Ventureburn - 0 views

ventureburn.com/...-acquires-zoonas-malawi-assets

Malawi Mukuru Fintech Zoona

shared by ghtazi on 13 Feb 21 - No Cached
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      These excerpts are important because they show how operations of Mukuru and Zoona Malawi will be changing due to the acquisition of the latter by the former. It also reflects how Mukuru expands geographically (here in Malawi) but also in terms of capabilities and assets (i.e. agents from Zoona).
  • In a statement yesterday Mukuru CEO Andy Jury said the acquisition will extend Mukuru’s African footprint deep into the urban and rural areas cross Malawi. “This acquisition will bring the benefits of our extensive products and cutting-edge technology to the citizens of Malawi – giving them better options and safe mechanisms to send money to loved ones and ultimately uplift their communities,” he said. Following the acquisition, Zoona Malawi’s agents will operate as Mukuru agents benefiting from a wider product range to offer customers backed by Mukuru’s trusted and established brand name. In addition, agents will benefit from being part of the Southern African Development Corporation (SADC) regional network, increasing their regional exposure and potentially boosting earnings over time.
  • Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational assets in Malawi along with the technology systems that support its Malawian operations.
  • ...3 more annotations...
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru acquired Zoona Fintech assets and took over Malawi's online financial services. it is making its place among the popular remittance companies in Africa.
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Acquiring zoona is a good step for mukura to expand its capital but also acquiring zoona's customer portfolio
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • ghtazi
      ghtazi on 13 Feb 21
       
      working with Zoona is great for Mukuru it will add more safety and reliable financial services that will be beneficial for Malawi and elsewhere
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