In a big transfer for the African fintech ecosystem, Ukheshe Worldwide has acquired EFT Company Restricted (EFT Corp) from Loita Transaction Companies (LXS).
Following the 2022 acquisition of Masterpass in South Africa and a funding partnership with Improvement Companions Worldwide (DPI) in 2023, this acquisition marks a milestone in innovation and progress for each firms.
EFTCorp’s CEO, Stephen Enderby, says, “I’ve been on the lookout for a accomplice to assist help and develop EFTCorp’s digital technique. Along with Ukheshe we mix nice merchandise and intensive govt depth to realize our progress ambitions. As a gaggle we proceed to search for complementary acquisitions and funding alternatives throughout the continent and Center East.”
Ukheshe Applied sciences and EFT Corp will proceed to function individually, benefiting from one another’s experience.
James Griffiths, Accomplice at DPI added “We’re thrilled to have supported Ukheshe on this acquisition, which underscores our confidence in Ukheshe’s progressive imaginative and prescient, robust management and thrilling progress potential. We’re trying ahead to the accelerated progress which this main milestone brings the enterprise.”
