Headline: Moniepoint Cleared to Acquire Kenyan Fintech Kopo Kopo
Acquiror: Moniepoint Inc.
Target: Kopo Kopo
Target Services: Payments Services and Credit
Target Industry: Fintech
Rationale: Moniepoint Inc. receives approval from the Competition Authority of Kenya (CA) to acquire Kopo Kopo, a Kenyan fintech company providing payments services and credit to businesses. Moniepoint aims to expand its services in Kenya and tap into the mature banking and payments infrastructure of the market.
Summary: Moniepoint Inc., an established Nigerian business payments and banking platform, has been granted regulatory approval by the Competition Authority of Kenya (CA) to acquire Kopo Kopo, a Kenyan fintech specializing in payments services and business credit.