The move marks a strategic ownership shift as the platform continues to gain traction in Morocco’s expanding digital economy and pursues ambitions for regional growth.
Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.
For Elmawkaa, the acquisition marks a significant success for its founders and early investors, who include entities such as Flat6Labs, TIEC, 500 Global, and Taqadam.
As the first blockchain fintech company in South Africa to receive the Crypto Asset Service Provider (CASP) license from South Africa’s Financial Sector Conduct Authority (FSCA), Kotani Pay has also positioned itself as a trusted bridge between fiat and digital currencies.
The move marks a strategic ownership shift as the platform continues to gain traction in Morocco’s expanding digital economy and pursues ambitions for regional growth.
Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.
Currently, FMCG products make up over 30% of Tendo's sales volume, and the company sees this figure growing as it capitalizes on Shopa's established network of FMCG distributors.
The debt-free short-term position, combined with a recent acquisition bid, signals a potential turnaround year for Mobius as it seeks a path to long-term sustainability.