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African B2B e-commerce startups Wasoko and MaxAB complete merger: Interview with co-CEO Daniel Yu
Two of Africa's largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-about merger.
This retrenchment reflects a broader trend among B2B e-commerce companies across Africa, many of which have scaled back operations, pivoted, or closed due to cash shortages and changing funding landscapes. When investors adjust the book value of their stake in Wasoko, for instance, based on off-cycle decisions—without any actual buying or selling of shares—it doesn’t materially affect the day-to-day operations or value of the company. That being said, on the growth side, we are excited about new revenue streams and opportunities that can be unlocked by our expanded pan-African footprint, such as the cross-border procurement business we started, which speaks to intra-African trade and exports.
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