Nigerian fintech startup Amplify acquired by OneFi for undisclosed amount

22 March 2019

Mergers, Acquisitions and Financial Results

Payments solutions startup Amplify has been acquired by Nigerian finance company OneFi for an as yet undisclosed amount.

 

In a statement announcing the acquisition yesterday (21 March), Lagos based Amplify said the deal — which took effect on 1 March — will see OneFi add Amplify’s assets, trademarks, as well as the fintech’s flagship products AmplifyPay and mTransfers to its portfolio.

Source: Ventureburn