African B2B e-commerce startups Wasoko and MaxAB complete merger: Interview with co-CEO Daniel Yu

Quick Summary:

When investors adjust the book value of their stake in Wasoko, for instance, based on off-cycle decisions—without any actual buying or selling of shares—it doesn’t materially affect the day-to-day operations or value of the company.

Two of Africa’s largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-about merger, TechCrunch has learned.

Independently, Wasoko and MaxAB were two of the largest B2B e-commerce companies based on metrics like GMV and merchant base.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesBrazilChileEgyptIndiaKenyaMoroccoRwandaSenegal

Topics: Merger Commerce MaxAB Wasoko B2B e-commerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 08:30:00 (6 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2378 words

Reading Time: 14 minutes read

Sentences: 113 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22276999

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