Chipper Cash, the Pan-African cross-border payment app is acquiring Zambian FinTech Zoona Transactions International.
The deal is currently waiting for approval from Zambian authorities.
In a post from Linkedin, Chipper Cash stated: “In exciting news, today we announced the intended acquisition of the Zoona group, which includes all services under the Tilt Africa brand.”
In a statement to TechCabal, Chipper Cash executives said the deal would bring together complementary products and services, allow the two companies to connect consumers and businesses across Africa, and position them as the “first choice provider of financial services” on the continent.
“Bringing these companies together under the Chipper umbrella will mean we can open up even more borders, bringing quality financial services to life in more countries and connecting more people across the continent,” Chipper Cash Vice President of Corporate Development Laura Kennedy said in the report.
