M&A Deal Summary |
|
|---|---|
| Date | 2020-05-05 |
| Target | Zoona Malawi - Operational Assets |
| Sector | Financial Services |
| Buyer(s) | Mukuru |
| Sellers(s) | Zoona Malawi |
| Deal Type | Divestiture |
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Mukuru is a money remittance business that operates a sophisticated technology platform that allows users to send or to receive money in a cost-effective manner. Mukuru is uniquely focused on serving low- and middle-income migrants who typically send money home to their families to cover basic living expenses and who otherwise rely on informal and inconsistent channels such as buses, taxis, friends, and family. Through Mukuru, customers can send money through more reliable channels via bank transfer, cash deposit, credit/debit card, or via a Mukuru Money Card and/or mobile money wallet. Mukuru was founded in 2004 and is based in Cape Town, South Africa.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Zambia M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
Zoona Malawi is an African start-up bringing together the drive of young entrepreneurs and the power of cutting-edge technology to provide safe and reliable financial services for underserved communities all over Africa!
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Zambia M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
