EFG Finance-backed Maxab-Wasoko completed the acquisition of Fatura.

EFG Finance-backed Maxab-Wasoko, a pan-African B2B e-commerce and fintech platform, completed the acquisition of Fatura, a B2B marketplace and fintech-enabled platform for retailers in Egypt. Financial terms were not disclosed. “The acquisition of Fatura is more than a growth play; it’s the realisation of our ambition to become the go-to, one-stop shop for retailers throughout Africa. By bringing together operational strength, product depth, and innovative fintech offerings, we’re setting a new standard for retail across the region,” Belal El-Megharbel, MaxAB-Wasoko CEO.