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TechFlow News — Nigerian crypto platform Bitmama will acquire African remittance startup Payday for $1 million. The acquisition values Payday at $30 million, enabling Bitmama to expand its product offerings to include cross-border remittances without building the service from scratch.
Upon completion of the deal, Bitmama is expected to take over Payday's customer deposits and the remittance company's liabilities.
Nigerian crypto platform Bitmama will acquire African remittance startup Payday for $1 million. The acquisition values Payday at $30 million, enabling Bitmama to expand its product offerings to include cross-border remittances without building the service from scratch. Upon completion of the deal, Bitmama is expected to take over Payday's customer deposits and the liabilities of its money transfer business.
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