{"id":46012,"date":"2025-05-20T15:47:10","date_gmt":"2025-05-20T12:47:10","guid":{"rendered":"https:\/\/entarabi.com\/?p=46012"},"modified":"2025-05-20T16:02:27","modified_gmt":"2025-05-20T13:02:27","slug":"maxab-wasoko-acquires-fatura-with-approval-from-efg-finance","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/maxab-wasoko-acquires-fatura-with-approval-from-efg-finance\/","title":{"rendered":"MaxAB-Wasoko Acquires Fatura with Approval from EFG Finance"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>EFG Finance announced the acquisition of the Fatura platform by MaxAB-Wasoko, along with securing a significant stake and a board seat in MaxAB-Wasoko.<\/li>\n\n\n\n<li>Fatura has been fully integrated into the MaxAB-Wasoko platform to expand the distribution network, which includes over 626 wholesalers across 16 Egyptian cities.<\/li>\n\n\n\n<li>Fatura is expected to contribute around 25% of MaxAB\u2019s revenue in Egypt by the end of the year, with projected exponential growth in African markets.<\/li>\n<\/ul>\n\n\n\n<p>EFG Finance, a subsidiary of EFG Holding, announced the completion of an acquisition agreement under which MaxAB-Wasoko has acquired Fatura, a B2B e-commerce platform in Egypt. As part of the deal, EFG Finance has secured a significant stake in MaxAB-Wasoko and a seat on its board of directors.<\/p>\n\n\n\n<p>The acquisition aligns with MaxAB\u2019s strategic expansion across the African continent in both e-commerce and digital financial services, following its merger with Wasoko, which extended its footprint into Kenya, Rwanda, and Tanzania.<\/p>\n\n\n\n<p>Fatura has been fully integrated into the MaxAB-Wasoko platform, granting retailers immediate access to a broader network of products through over 626 wholesalers across 16 cities, including 5 new cities previously not covered by the platform.<\/p>\n\n\n\n<p>The deal will also enable expanded credit facilities for retailers through MaxAB\u2019s financial solutions, empowering them with working capital to grow their inventory and scale their businesses sustainably.<\/p>\n\n\n\n<p>Fatura, founded in 2019, was previously acquired by EFG Holding\u2019s subsidiary Tanmeyah in 2022. It operates a digital, asset-light model that seamlessly integrates with MaxAB\u2019s end-to-end supply chain \u2014 from sourcing to delivery \u2014 expanding supplier access and improving efficiency and choice.<\/p>\n\n\n\n<p>The integration is expected to drive significant revenue growth and operational efficiency over the next 12 to 18 months. Fatura is projected to contribute approximately 25% of MaxAB\u2019s revenue in Egypt by year-end, with potential for exponential growth as the model is replicated across other African markets.<\/p>\n\n\n\n<p>Since the merger with Wasoko, MaxAB-Wasoko has achieved notable growth in both fintech and e-commerce. The company expanded into Morocco and now provides financing solutions that support more than 9% of total e-commerce sales, reflecting increasing demand for digital financial services among retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Finance, a subsidiary of EFG Holding, announced the completion of an acquisition agreement under which MaxAB-Wasoko has acquired Fatura, a B2B e-commerce platform in Egypt. As part of the deal, EFG Finance has secured a significant stake in MaxAB-Wasoko and a seat on its board of directors. The acquisition aligns with MaxAB\u2019s strategic expansion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":46009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[8385,8384,8383],"class_list":["post-46012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-efg-finance","tag-fatura","tag-maxab-wasoko"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=46012"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/46009"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=46012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=46012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=46012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}