An African fintech provider has agreed to purchase a Nigerian business whose network serves local small and medium-sized enterprises.

Digital payments company, MFS Africa has entered the Nigerian market with a deal to buy Baxi, as it targets small and medium-sized enterprises in the country. Fintech start-up Baxi offers accounts, money transfer and payment services through a network of 90,000 agents in Nigeria.

For more information, please see https://iclg.com/alb/17314-fintech-takeover-targets-nigerian-sme-market