The parent company of Nigerian e-payment company, Global Accelerex has received a USD 20 million investment from private equity firm Africa Capital Alliance (ACA).

Under the agreement, the Capital Alliance Private Equity IV (CAPE IV) fund will gain three seats on the board of Accelerex Holdings, headquartered in Mauritius, in return for the investment.

For more information, please see https://iclg.com/alb/15110-nigerian-fintech-receives-private-equity-boost