Meta description: A breakdown of the major African tech acquisitions in 2025, with deal values, strategic investors, and market impact across fintech, mobility, proptech, and telecoms.
Merger and acquisition activity in African tech remained active through 2025 despite tighter funding, higher interest rates, and geopolitical pressures. These transactions involved fintech, mobility, proptech, telecoms, and software firms, reshaping regional market positions. Investors, founders, and business strategists can use these insights to gauge industry momentum and cross-border growth trends.
- How LemFi expanded its European footprint
- Moove’s entry into Latin America
- Stitch strengthens payment offering
- Bankly’s consolidation under C-One Ventures
- Access Bank’s East African growth
- BAS Group’s majority stake in Zuvy
- Chowdeck’s acquisition of Mira
- Crypto consolidation through Roqqu and Flitaa
- Nawy’s real estate push into the Gulf
- AXIAN Telecom’s $63M broadband acquisition
How did LemFi secure European market access?
LemFi, a Nigerian fintech serving immigrant communities across 22 countries, purchased Bureau Buttercrane, an Irish foreign exchange platform. The deal included an Irish operating licence, granting entry into the European Economic Area. This move followed LemFi’s $53 million Series B funding just weeks earlier, highlighting investor backing for international expansion.
What does Moove’s acquisition of Kovi mean for Latin America?
Moove, originating from Africa and specializing in mobility-focused financial solutions, acquired Brazil’s Kovi in an all-share transaction. Kovi’s operations in vehicle access and fleet financing align with Moove’s strategy to grow in Latin America. The transaction strengthens Moove’s cross-continental positioning.
Why did Stitch buy ExiPay?
South African payments firm Stitch acquired ExiPay, an in-person payments provider for enterprise merchants and PSPs. This deal allows Stitch to deliver a unified payments suite covering online API, physical point-of-sale, and merchant services across South Africa and select African markets.
What is the significance of C-One Ventures acquiring Bankly?
C-One Ventures, a Nigerian investment group focused on fintech, took control of Bankly, a licensed microfinance bank with over 2 million customers and 50,000+ agents nationwide. This acquisition is aimed at consolidating fintech operations under one structure for scale and efficiency.
How does Access Bank’s NBK deal change its market share?
Access Bank Plc completed the purchase of National Bank of Kenya from KCB Group. The deal lifted Access Bank Kenya’s market share from 0.2% to 1.9%, moving it into tier-two status in the country. NBK’s valuation at 1.25× book value suggests an estimated $102 million transaction size.
What did BAS Group gain from Zuvy?
Nigeria’s BAS Group acquired a majority stake in Zuvy, an SME invoice financing startup. Analyst estimates place the stake value between $1.5 million and $3 million. BAS now holds over half ownership, expanding its fintech portfolio.
Why did Chowdeck acquire Mira?
Chowdeck, a Nigerian YC-backed delivery platform, purchased Mira, which provides restaurant management and POS solutions. Mira’s QR ordering, payments, inventory tracking, and hardware POS are now part of Chowdeck’s service offering, following use by 500+ businesses before the deal.
What does Roqqu’s acquisition of Flitaa mean for crypto in Africa?
Roqqu, a Nigerian crypto exchange, acquired Flitaa, a Kenya-based platform with operations in Kenya, Ghana, Uganda, and Tanzania. This all-cash deal integrates Flitaa’s user base and operations into Roqqu’s system, marking the first confirmed intra-African crypto acquisition.
How will Nawy benefit from SmartCrowd?
Nawy, an Egyptian proptech leader, purchased a majority stake in Dubai’s SmartCrowd, a fractional real estate investment platform. This transaction opens access to Middle Eastern property markets with strong yield potential, positioning Nawy as a transregional player.
What is the impact of AXIAN Telecom’s Wananchi purchase?
Madagascar’s AXIAN Telecom finalized its $63 million purchase of Wananchi Group, owner of Zuku Internet and Simbanet. The acquisition brings decades-long ISP operations in Kenya and Tanzania under AXIAN’s control, intensifying broadband competition in East Africa.
FAQ
- Which deal had the largest disclosed value?
$63 million for AXIAN Telecom’s acquisition of Wananchi Group. - Why are most deal values undisclosed?
Private companies in African and emerging markets often keep valuation and pricing details confidential. - Which sectors saw the most acquisitions?
Fintech, mobility, proptech, and telecoms dominated activity in 2025. - How do acquisitions affect market share?
Deals like Access Bank’s purchase of NBK can significantly raise market share and change competitive tiers.
Conclusion
The 2025 acquisition landscape in African tech shows active consolidation, regional expansion, and cross-border partnerships. Founders should note investor appetite for platforms with established customer bases and scalable infrastructure. For investors, undisclosed terms remain common, requiring deeper due diligence.
Disclaimer
This information is for educational and reporting purposes and does not constitute financial advice.