AZA buys Exchange4Free to become Africa’s biggest nonbank forex firm
Acquisition will more than double the fintech’s annual value of online transactions to more than $2.5bn
28 April 2021 - 19:37
AZA Finance says it has agreed to buy SA’s Exchange4Free to become the biggest nonbank provider of currency exchange and treasury services in Africa.
The acquisition of Exchange4Free will more than double the value of AZA’s annual value of online transactions to more than $2.5bn and will give it an entry into SA, the most developed country on the continent, the company said in a statement on Wednesday. That will extend AZA’s services to more than 115 countries. The value of the purchase wasn’t disclosed...
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