MaxAB completed the merger with Wasoko.

MaxAB, a B2B e-commerce platform, completed the merger with Wasoko, a Kenyan e-commerce firm. Financial terms were not disclosed. “In line with the shift in focus on what’s important or not, we’ll decline to state specific GMV; however, what I will emphasize is that we are now making a net contribution margin or net profit per order, which wasn’t the case in the back in the day in the GMV maximizing period,” Daniel Yu, Wasoko CEO.