Mergers and acquisitions took the centre stage in Africa’s tech ecosystem in 2025, with up to 29 deals recorded in the first half of 2025, a 45% jump from the previous year. Rather than focusing on organic growth, companies are opting for M&As to scale, secure critical regulatory licences, and expand immediately into new regions.
Briter’s 2025 Venture Pulse report shows that the number of venture deals has continued to decline since the 2022 peak of over 600 deals, with Africa recording 489 deals in 2025. However, the total funding volume in 2025 grew by 44% year-on-year, reaching $3.24 billion. This imbalance of fewer deals but more capital has pushed companies towards consolidation to achieve scale.
According to TechCabal Insights data, Africa recorded up to 66 acquisitions in 2025, a 69% increase from the 39 recorded in the previous year. Here are the major deals reported.
1. Stitch acquires ExiPay (South Africa)
Stitch, a South African fintech startup that provides online payment infrastructure for large enterprises, kicked off the year by acquiring ExiPay, a startup that offers in-person payment solutions for retail businesses, for an undisclosed amount. The acquisition enabled Stitch to expand its API-first product by integrating online and in-person payments into a single platform.
2. Moove acquires Kovi (Nigeria)
In January, Moove, the Uber-backed Nigerian mobility fintech startup, acquired Kovi, a Brazilian car rental marketplace, in an all-stock deal that makes Kovi’s investors shareholders in Moove. This move was a market expansion that gave Moove an immediate foothold in Latin America and added thousands of vehicles to its global fleet.
3. LemFi acquires Bureau Buttercrane (Nigeria)
Nigerian-founded cross-border payments company LemFi acquired Irish currency exchange platform Bureau Buttercrane in January. The deal, approved by the Central Bank of Ireland, granted LemFi an Irish licence, allowing it to deepen its financial services infrastructure and operate across the entire European Economic Area (EEA).
4. Raseedi acquires Kashat (Egypt)
In Egypt, the fintech space saw its first significant consolidation of the year in January when fintech startup Raseedi acquired its counterpart, Kashat. This deal allowed Raseedi to broaden its product offerings and introduce instant loans.
5. Dsquares acquires Prepit (Egypt)
In February, Egypt’s deeptech startup Prepit was acquired by Dsquares, a B2B software-as-a-service (SaaS) loyalty platform based in the same country. Through this deal, Dsquares, which bought a majority stake in the business for an undisclosed amount, will build on its proven expertise in the loyalty sector across the Middle East, including key markets such as Saudi Arabia, Egypt, and the UAE.
6. Dubizzle Group acquires Hatla2ee (Egypt)
Dubizzle Group (formerly EMPG), the UAE-based online classifieds platform, acquired Hatla2ee, a prominent Egyptian automotive marketplace, for an undisclosed amount. The deal saw Dubizzle Group integrate its advanced technology and resources into Hatla2ee’s already trusted platform, further solidifying Dubizzle’s dominance in the MENA region’s online classifieds space and capturing a key vertical in the massive Egyptian market.
7. Motorola Solutions acquires RapidDeploy (South Africa)
In February, US-based Motorola Solutions acquired South Africa’s RapidDeploy, a telecommunications and software company whose advanced Next Generation 911 (NG911) product suite accelerates emergency response and enhances decision-making. The acquisition brings RapidDeploy’s cloud-based public safety and dispatch solutions into Motorola’s global portfolio, increasing situational awareness during emergency response.
8. Basata increases stake in MadfoatCom (Egypt)
In March, Egyptian fintech Basata acquired an additional 25% stake in MadfoatCom, a startup that offers a real-time bill payment system. This partial acquisition tightens the relationship between the two payment companies, strengthens MadfoatCom’s payment infrastructure, and expands Basata’s role in accelerating digital financial inclusion across the region.
9. Grinta acquires Citi Clinic (Egypt)
Grinta, an Egyptian B2B marketplace for pharmacies, acquired Citi Clinic, an Egyptian primary healthcare service chain, in March. This acquisition gave Grinta access to Citi Clinic’s 150,000 patients and integrated offline and online services to transform the way healthcare is accessed and delivered. This move expanded Grinta’s services beyond simple pharmaceutical distribution and into the primary healthcare and clinic services space. As part of this acquisition, Grinta exited its B2B retail pharmaceutical distribution business in Egypt to focus entirely on the care sector.
10. Silver Box acquires Mobius Motors (Kenya)
Silver Box, a Middle East-based company that invests in tech products and services, acquired Kenya’s Mobius Motors six months after it announced plans to shut down due to unpaid debts, supplier disputes, and a failed rescue plan. The acquisition provided Mobius with the capital and scale needed to restart and expand its manufacturing operations.
11. KCB Group acquires Riverbank Solutions (Kenya)
Kenya’s KCB Group, one of East Africa’s largest traditional banks, acquired a 75% stake in Riverbank Solutions for $15.4 million (KES 2 billion) in March to strengthen its digital operation. KCB absorbed the digital-first fintech to accelerate its own tech roadmap and expand its footprint amid growing competition in Kenya’s banking sector.
12. PayTabs Group acquires PayTabs (Egypt)
As part of an internal restructuring and consolidation, the PayTabs Group, a payment infrastructure company, acquired a 51% stake in its Egyptian subsidiary, PayTabs Egypt, from its former shareholder, EFG Finance, an EFG Holding company. This deal solidifies the parent company’s control and streamlines its operations across the MENA region.
13. Peach Payments acquires PayDunya (South Africa)
In April, Peach Payments, a South African digital payments gateway, acquired PayDunya, a Senegalese payment gateway. The acquisition gave Peach Payments immediate access to the entire Francophone West Africa, to simplify digitalisation of sales, payments, and day-to-day operations for African businesses through a single API that allows them to receive and send payments.
14. Refiber & OPI acquires Fibertime (South Africa)
In South Africa’s telecommunications sector, a proposed transaction was announced in April for a consortium of Refiber & OPI to acquire Fibertime’s township fibre assets and enhance internet access across South Africa’s underserved communities.
15. Maseera acquires ADVA (Egypt)
Maseera, a portfolio company of 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), acquired an Egyptian consumer finance platform, ADVA, in April to create faster, more inclusive, and highly personalised lending solutions for underserved populations across Egypt. This deal strengthens Maseera’s position in the digital credit market, merging two platforms to achieve greater scale and market share.
Become a TC Insider for free to finish this story.
Sign in to read the full story and stay ahead of Africa's tech ecosystem.
